Volkswagen to invest up to $5B in Rivian and form joint venture

Volkswagen AG resolved to invest initially $1 billion in Rivian Automotive via a convertible note, with total investments potentially reaching $5 billion by 2026. They also intend to form a 50/50 joint venture to develop next-generation E/E architecture for electric vehicles.

“Volkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture.”volkswagen-group.com

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• volkswagen-group.comVolkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture | Volkswagen GroupJun 25, 2024

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