Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.
Rivian, Volkswagen announce new joint venture, $5.8 billion software, electric vehicle deal
According to a Tuesday announcement, Rivian and Volkswagen have entered into a joint venture and will create the Rivian and Volkswagen Group Technologies company, aimed at bringing next-generation electrical architecture and best-in-class software technology for both of the companies’ future electric vehicles.
Faster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture
Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV)
Germany's VW and Rivian launch joint electric car venture
The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric vehicles in cooperation with US EV-maker Rivian.
Volkswagen to Invest $5.8 Billion in EV Startup Rivian Through Joint Venture
The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to
Rivian Stock Jumps. The EV Maker Is Getting More Cash From Volkswagen.
Rivian stock surges as company expands joint venture with Volkswagen
Rivian stock is surging after the EV maker announced an expansion of its partnership with Volkswagen, with the German automaker pouring more money into the joint venture.
Volkswagen increases Rivian investment as $5.8 billion EV joint venture officially launches
Volkswagen has increased its planned investment in the electric automaker Rivian through a joint venture that officially launches Wednesday. The first Volkswagen models made with Rivian’s technology are expected to launch in 2027.
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Oliver Blume
Oliver Blume, CEO of the $348 billion auto juggernaut Volkswagen, lives life in the fast lane. The dual boss of the ...
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VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says
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VW boss Blume says company's cost-cutting goals are set
VW Group CEO Oliver Blume sees no alternative to tough cost-cutting measures at Volkswagen, according to an newspaper interview published on Sunday. "The goal for cost and capacity adjustments has ...