Rivian and Volkswagen Group launch joint venture for EV software

Rivian and Volkswagen Group have entered into a transaction agreement to create a joint venture, Rivian and Volkswagen Group Technologies, with a total deal size of up to $5.8 billion. The JV will develop next-generation electrical architecture and software for future electric vehicles.

“The partnership with Rivian is the next logical step in strengthening our global competitive and technological position.”volkswagen-group.com

• 1 source
• volkswagen-group.comFaster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture | Volkswagen GroupNov 12, 2024

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