This should be an interesting match up... The "VEE DUB" which is Volkswagen lied to consumers and government regulators in a 10-year long conspiracy regarding approximately 590,000 vehicles in the U.S. equipped with software that falsely reported low carbon emissions in an attempt to cheat U.S. standards.... which is Teaming up with... Rivian where sales are picking up, but heavy losses were likely to continue for some time; So VeeDub steps in to help a FORMER competitor, Rivian, with $5 billion to bring them up to par?? Or possibly get some real algorithms to Enhance vehicle platforms that'll lay a foundation for future cars from both companies?? Some analysts say it is like punching a bit of Nitrous oxide To bring both back into the Vehicle game AND others say the opposite. The RT1 where there is on way out here is the middle of nowhere still cannot put its rating of 11000 pounds very far in REAL WORLD tests (thanks to owner who let the try happen). They are fancy schmancy and LOOK like an actual truck unlike the space stainless rival. It Weighs in on a CAT certified scale at 7148 pounds on a 1500 class chassis (½ton) AND weighs near the exact same as a 2500 class chassis (¾ton) Diesel truck within a few pounds. TOO bad the Thermodynamics are against it. And will one last 20 years...with the same battery?? Maybe VeeDub can use the software that got them into trouble to a repurpose the software to think it will.
Big investment in the EV world ⚡️ By now, you will have seen the news that VW is set to invest up to $5 billion in Tesla rival Rivian, forming a joint venture that promises to revolutionise the industry. But what exactly does this mean? This collaboration will enable both companies to share technology, accelerating their growth and innovation in the competitive EV market. Rivian shares soared nearly 50% following the announcement, reflecting the market's confidence in this partnership. Initially, VW will invest $1 billion in the electric truck and SUV maker, with another $4 billion to follow by 2026. This strategic move provides VW with immediate access to Rivian’s cutting-edge software, which the German car maker can integrate into its vehicles to enhance their EV offerings. This alone is absolutely massive. This partnership brings numerous benefits to both companies. VW gains access to Rivian’s innovative technology, which can bolster its position in the rapidly evolving EV market. Rivian, on the other hand, benefits from VW's extensive resources and market reach, which can help the start-up scale its operations and accelerate its path to profitability. Moreover, this deal underscores the thriving nature of the EV industry. The continued investment from major players like VW highlights the sector's robust growth potential and the increasing shift towards sustainable transportation solutions. It’s an exciting time as we witness transformative shifts in the automotive industry, driven by strategic collaborations and significant investments. As competition intensifies among EV makers and Western countries impose tariffs on Chinese imports, partnerships like this are crucial for maintaining a competitive edge. VW, facing pressure from rivals like Tesla and China’s BYD, and Rivian, striving to establish its foothold in the market, are both well-positioned to benefit from this alliance. In addition to technological advancements, this joint venture signifies a strong commitment to innovation and sustainability in the automotive sector. It highlights the importance of collaboration in overcoming market challenges and driving forward the EV revolution. #vw #rivian #bbc #electriccars #electricvehicles #evcharging #investment #sustainability #innovation #technology #greenerfuture #netzero
