Rivian and Volkswagen Detail $5.8 Billion EV JV Tech Platform
Volkswagen is committing up to $5.8 billion to the joint venture through 2027, starting with an initial $1 billion investment in the form of convertible notes. At launch, VW will also invest about $1.3 billion for intellectual property licenses and a 50% equity stake, with further investments tied to development milestones.
VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader ...
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Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
VW's ID. Buzz, an all-electric version of its iconic Bus, has a lot going for it. The styling, tech, and power are all excellent; only the range is lacking.
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act ...
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Volkswagen and Rivian have created a joint venture to help save both. This comes at a time when electric vehicle sales have ...
The new technology and platforms will be used to support international EV markets. Rivian and VW Group Technology, LLC ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
“The VW Group was always keen to participate in the EV policy as it allows import of acertain number of battery electric ...
To attract more foreign investment and advanced technology, Tesla opened its Shanghai factory in 2019 as the first wholly ...
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