Photo: Rivian Rivian builds some outstanding electric vehicles. It also recently announced several new models, including the incredibly desirable R3X. To make those vehicles happen, though, Rivian needed money, and this week it announced that Volkswagen would invest up to $5 billion in the startup. That’s great news for Rivian and future customers holding out […]
Tag: Volkswagens
Explainer-What’s behind Volkswagen’s $5 billion EV software bet on Rivian?
BERLIN/FRANKFURT (Reuters) – Volkswagen, Europe’s biggest carmaker, plans to spend as much as $5 billion on an electric vehicle (EV) software partnership with U.S.-based Rivian. Here are some of the key issues around the deal: WHY IS VOLKSWAGEN DOING THIS? The tie-up is the latest in a string of deals by Volkswagen Chief Executive Oliver […]