Volkswagen and Rivian agree to $5 billion partnership

Stefan Mileschin · 27th June 2024, 11:54

Volkswagen and EV company Rivian have entered a new partnership, and the total price tag for the collaboration could reach an eye-popping $5 billion. The businesses are launching a joint venture to develop platforms for “software-defined vehicles.” According to the press release announcing the deal, the joint venture's work will focus on Rivian's zone-based approach to electric vehicles, which significantly reduces the complexity of the wiring and electronics. Both Rivian and Volkswagen are expected to debut vehicles using their combined forces as a result of the partnership; the release notes that each of the brands will continue operating their vehicle businesses separately.

https://www.engadget.com/volkswagen-...7.html?src=rss

27th June 2024, 11:54	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 152,472	Volkswagen and Rivian agree to $5 billion partnership Volkswagen and EV company Rivian have entered a new partnership, and the total price tag for the collaboration could reach an eye-popping $5 billion. The businesses are launching a joint venture to develop platforms for “software-defined vehicles.” According to the press release announcing the deal, the joint venture's work will focus on Rivian's zone-based approach to electric vehicles, which significantly reduces the complexity of the wiring and electronics. Both Rivian and Volkswagen are expected to debut vehicles using their combined forces as a result of the partnership; the release notes that each of the brands will continue operating their vehicle businesses separately. https://www.engadget.com/volkswagen-...7.html?src=rss

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