# 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.

- Type: Investment
- Announced: 2024-06-25
- Where: United States
- Value: $5.00B
- Status: announced
- Products: E/E architecture for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (investor)
- [Rivian Automotive](https://endata.com/companies/39516.md) (target)

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/en/ad-hoc/volkswagen-ag-resolves-on-investment-by-volkswagen-of-initially-1-billion-usd-in-rivian-automotive-inc-and-intends-to-establish-a-joint-venture-18468), 2024-06-25: "Volkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.