Rivian and VW finalize a software development joint venture; VW has invested $1B of its planned up to $5.8B by 2027 in the JV designed to be a 50-50 partnership
To celebrate its recent coupling, Volkswagen … João da Silva / BBC : VW launches $5.8bn tie-up with Tesla rival Rivian Edwin Lopez / Automotive Dive : Volkswagen, Rivian launch their $5.8B joint venture Nick Flaherty / eeNews Europe : VW, Rivian launch $5.8bn Silicon Valley joint venture Patrick George / InsideEVs : How VW Got A ‘Wake-Up Call’ That Sparked A Rivian Team-Up Nickie Louise / Tech Startups : Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat Michael Wayland / CNBC : VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit CBT News : GM recalls 461K vehicles, VW & Rivian partner for $5.8B tech boost, Waymo expands LA ride-hailing Chris Teague / TheTruthAboutCars : Rivian and VW Formalize Multi-Billion-Dollar Partnership Stephen Edelstein / Green Car Reports : Volkswagen's stake in Rivian grows to $5.8B, joint venture now formed Anila Yoganathan / Atlanta Business Journal : Rivian-Volkswagen partnership to produce EV tech for model to be manufactured in Georgia Indrabati Lahiri / Euronews : Volkswagen announces plans for electric tie-up with Rivian Rivian Automotive : Faster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture Niall Evans / Telematics News : Rivian and Volkswagen Group announce $5.8bn joint venture BusinessLIVE : VW ups investment in EV carmaker Rivian to $5.8bn Nick Godt / Digital Trends : Rivian, VW venture kicks off next-gen platform for R1, Scout EVs Volkswagen Group : Volkswagen Group & Rivian Announce Inception of Joint Venture Philip Whiterow / Proactive : Volkswagen to inject even more cash into Rivian Carla Westerheide / electrive.com : Volkswagen and Rivian officially launch their joint venture Volkswagen Group : Faster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture Volkswagen Group : Partnership between Volkswagen Group & Rivian Volkswagen Group : Faster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture Volkswagen Group : Volkswagen Group & Rivian announce inception of Joint Venture Cláudio Afonso / EV : Rivian and VW Group Officially Launch JV, Expand Deal Size to $5.8 Billion Tim Levin / InsideEVs : Rivian And VW's $5.8B Joint Venture Will Power A Lot, Including ‘Subcompact Cars’ Akash Sriram / Reuters : Rivian, Volkswagen Group launch $5.8 billion joint venture Andrew J. Hawkins / The Verge : VW and Rivian officially kick off $5.8 billion joint venture, announce leadership Kara Carlson / Bloomberg : Volkswagen Boosts Bet on Rivian's EV Tech by $800 Million New York Times : Volkswagen and Rivian Form Joint Venture, Deepening Alliance Threads: Andy Cheng / @firerock31 : “The new joint venture — Rivian and Volkswagen Group Technologies — will officially kick off November 13 as an independent company. And, if successful, it could be a boon for both companies. Rivian gets a needed injection of capital and the potential of diversifying its business … LinkedIn: Claire Rauh McDonough : Pleased to announce the closing of Rivian's $5.8B Joint Venture with Volkswagen Group. Amazing work team, excited to kick off day one operations as we help accelerate EV adoption!