Volkswagen to Invest $5 Billion in Rivian for Future EV Tech

Volkswagen to Invest Up to $5 Billion in Rivian for EV Technology

Volkswagen and Rivian Aim to Launch New Vehicles by Late 2020s

Volkswagen, a major player in the automotive industry, is set to invest up to $5 billion in Rivian, an electric vehicle (EV) manufacturer. This strategic move aims to leverage Rivian's advanced EV technology. As part of this joint venture, both companies plan to develop new vehicles in the latter half of this decade.