Massive news for Rivian and Volkswagen Group, with VW investing $5 billion, with $1 billion up-front and $2 billion across 2025 and 2026 (the other $2 billion coming later) https://lnkd.in/gXYZWdcf The biggest value back to Volkswagen is the investment Rivian made in the R1 technology platform that just rolled out on the new R1T and R1S, which consolidated its 17 electronic control units down to just 7 - unheard of in the industry and probably the closest thing to an #SDV available in the market today. Volkswagen and Rivian will establish an equally-owned joint venture to build new EVs together, presumably globally, in the "second half of the decade". So Volkswagen gets access to bleeding-edge vehicle technology (including the Rivian Autonomy Platform) and Rivian gets access to capital and scale - win/win if they can execute together! SBD Automotive
Glad to see the infusion… with right focus and hopefully some attention from gov anything is possible.
Many of the traditional OEM’s are either already involved with EV partners or looking for one.
Interesting news! 👏 👏 👏
Let the great rebadging begin! (China is next)
Wow!
This partnership is spectacular!
Founder/CEO eDamon Technologies & cofounder Stealth RF company
4moExcept for the fact that the EV market has collapsed, falsely propped up and not coming back. Series electric hybrid is what will replace it and is a very viable technology that still uses petrol or they'll just stick with ICE and to work the efficiency, which is getting incredibly impressive. This deal only happened because Rivian was about to go the way of Fisker (for the second time by the way). This is all appeasement money at this point. What government dollars are left out there. Not to mention how much EV intellectual property Volkswagen already had that likely exceeds anything Rivian brings to the table.