
Rivian and Volkswagen Group Announce Transformative Joint Venture
In a bold move poised to reshape the electric vehicle (EV) landscape, Rivian and Volkswagen Group have unveiled a groundbreaking joint venture. This collaboration aims to revolutionize the EV market by leveraging Rivian’s cutting-edge software and zonal electronics platform alongside Volkswagen’s expansive global reach and operational expertise. Rivian is set to receive a substantial $5 billion in capital through this partnership. This funding will be instrumental in supporting the production of Rivian’s upcoming R2 vehicle, as well as other next-generation…