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 And VW's $5.8B Joint Venture Will Power A Lot, Including 'Subcompact Cars'
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's CTO. They'll serve as co-CEOs. It'll be based in Palo Alto, California, to start. Three more sites are in development North America and Europe, the companies said on Tuesday.
Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
The deal was initially announced in June, and came as Rivian attempted to raise additional capital as it launches its redesigned models and prepares for production of new "R2" vehicles in early 2026. Rivian CEO RJ Scaringe previously said the capital from ...
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.
Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion and the two companies said on Tuesday they were launching their previously announced joint venture to develop electric vehicle architecture and software.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup's more technical chops in the coming years.
Rivian and VW finalize joint venture worth up to $5.8B
The automakers are partnering to develop software for their next-generation EVs through a separate entity helmed by top Rivian and VW officials. Called “Rivian and VW Group Technology LLC,” the joint venture provides Volkswagen access to Rivian’s technology platform while juicing the startup’s balance book as it aims to make the jump to profitable company.
Rivian, Volkswagen Group launch $5.8 billion joint venture
Rivian and Volkswagen Group launched on Tuesday the joint venture they had announced in June, valued at $5.8 billion, to share software and electric vehicle architecture. The joint venture aims to integrate advanced electrical infrastructure and Rivian's software technology for future electric vehicles of both companies,
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Rivian-Volkswagen partnership to produce EV tech for model to be manufactured in Georgia
Rivian is teaming up with Volkswagen in a $5.8 billion joint venture for EV innovation on its R2 model, which the company says will eventually be manufactured in Georgia. Electric vehicle startup ...
Rivian is bracing for tariffs and making changes to its R2 sedan supply chain, CEO says
CEO of Rivian RJ Scaringe said the company is focused on sourcing suppliers not subject to Trump's potentially large tariffs.
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Rivian Stock Races Higher After The Bell: What's Going On?
The joint venture aims to use existing Rivian architecture and software to enable the launch of Rivian’s R2 in the ...
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Rivian, Volkswagen announce launch of joint venture
enabling the launch of Rivian’s R2 in the first half of 2026 and support the expected launch of the first models from the Volkswagen Group as early as 2027. The JV will evolve this modular and ...
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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 ...
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Is Rivian's Biggest Catalyst in Danger?
Rivian can still produce positive gross profits, partly thanks to regulatory credits. While investors await the much-hyped ...
Rivian R2 EV’s new LG battery boosts storage capacity sixfold
The R2 promises acceleration of 0 to 60 mph in under 3 seconds and an estimated range of over 300 miles. It’s packed with ...
LG’s EV battery with six times more energy storage to power Rivian R2 SUV
The much-anticipated Rivian R2, expected to compete with Tesla's Model Y, will utilize US-made LG's 4695 cylindrical ...
Rivian Automotive price target lowered to $16 from $18 at Stifel
Stifel analyst Stephen Gengaro lowered the firm’s price target on Rivian Automotive (RIVN) to $16 from $18 and keeps a Buy rating on the ...