The EV Feed’s Post

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.

Strategic deal or an agreement in crisis? Rivian and Volkswagen As the electric vehicle market rapidly evolves, traditional automakers are grappling with new challenges, while startups struggle with scale. A recent discussion in Why Rivian and VW Both Need Each Other highlights the potential game-changing partnership between these two players: 1. Rivian's Financial Pressures Rivian, though known for its innovative approach, is burning through cash fast—losing around $1.5 billion per quarter. The recent pause on their $5 billion Georgia factory has raised concerns of bankruptcy. 2. VW's $5 Billion Lifeline Volkswagen’s investment into Rivian offers financial stability and operational support. For Rivian, this is more than just cash—it’s access to VW’s global supplier network and economies of scale. 3. Software-Defined Vehicles (SDVs): A Competitive Edge Rivian excels in software-defined vehicles, streamlining over-the-air updates and consolidating vehicle control systems. This capability is something VW has struggled to implement effectively, and it may be the key to VW's long-term strategy, especially in the US truck and SUV markets. 4. Industry Implications This partnership isn’t just about survival—it reflects a shift in the auto industry towards more collaborative models between legacy automakers and innovators. Traditional players like VW need to embrace software and new business models to stay relevant, especially in the face of competition from China and Tesla. The future of automotive innovation is being written by partnerships like this. Rivian’s software agility combined with VW’s scale and market presence could set the standard for the next wave of EVs. #EV #AutomotiveInnovation #Partnership #Rivian #Volkswagen #SoftwareDefinedVehicles #FutureOfTransport

"Volkswagen's Rivian Partnership: Revolutionizing EV Software Integration" Volkswagen Group's strategic investment of up to $5 billion in Rivian isn't just about bolstering production capabilities—it's a game-changer for advancing software integration in electric vehicles. By forming a joint venture, Volkswagen gains access to Rivian's cutting-edge software solutions, which will be pivotal in enhancing the performance and functionality of its future EV models across brands like AUDI AG and #Porsche. This #collaboration marks a significant step towards overcoming #software challenges that have plagued traditional automakers, positioning Volkswagen at the forefront of innovation in the electric vehicle sector. This #partnership underscores Volkswagen's commitment to integrating advanced technology into its vehicles, aiming to deliver a seamless user experience and innovative features that redefine the automotive landscape. With Rivian's proven track record in developing robust software platforms for electric SUVs and pickups, Volkswagen stands to benefit immensely by accelerating its software capabilities and solidifying its position in the competitive EV market. Together, they are paving the way for smarter, more connected electric vehicles that meet the evolving needs of consumers worldwide. #EVs #ElectricVehicles #Sustainability #Mobility #Rivian #Volkswagen #JointVenture #FutureOfMobility #Innovation #AutomotiveIndustry #GreenTechnology https://lnkd.in/drE9yVdp

Exciting news in the automotive world! Volkswagen, Europe's biggest carmaker is set to revolutionize the EV landscape with a massive $5 billion investment in a groundbreaking partnership with U.S.-based Rivian. Under the leadership of CEO Oliver Blume, Volkswagen is turning to EV-only startups like Rivian to enhance their software expertise, crucial for the shift from combustion engines to electric vehicles. This strategic move follows previous efforts by Blume to seek external expertise, building on past deals with Xpeng in China. Volkswagen brings scale and funding, while Rivian provides cutting-edge software technology. This collaboration will accelerate the development of new models and reduce operating costs for both companies. The deal includes a 50:50 joint venture to develop state-of-the-art EV software, with VW investing $2 billion, and a direct investment of $3 billion by VW into Rivian, potentially giving VW a 25% stake in the U.S. company. The first vehicles featuring the Rivian software stack are expected by 2028, with possibilities of earlier integrations. This partnership is part of Volkswagen's broader strategy to strengthen its position in the U.S. market and reduce reliance on China. While some analysts are cautious about the high investment costs, others view this as a strategic move to streamline operations and leverage Rivian’s innovative capabilities. Stay tuned as we watch this dynamic partnership shape the future of electric vehicles! #FDRFinancial #FDRWealthManagement #Volkswagen #Rivian #EV #Investment #Innovation #ElectricVehicles #AutomotiveIndustry #SustainableFuture

🚗 Volkswagen is making a bold move in the electric vehicle (EV) market with a $5 billion investment in Rivian 🚗 Rivian are an EV company specialising in SUVs and Utes. This is definitely going to be huge for the Australian EV market, with current limited EV Ute sales in Australia (only 1 out of 21,327 utes sold during February was an electric model). 🔑 Key points: 🔋 This partnership will to enhance Rivian's EV architecture and software, helping it launch more affordable R2 SUVs and planned R3 crossovers by 2026. 🔋 VW is not a big player in the large SUV and pickup segments in the U.S. and it has failed to break through with its crossover electric SUV ID4 🔋 For VW, this move addresses its software challenges and broads its EV portfolio. 🔋 The joint venture is expected to commence in the fourth quarter of 2024. Exciting times ahead for the EV industry and the Australian consumer! Read the full article: https://lnkd.in/eVqYBPQp #EV #SmartCharging #Sustainability #RenewableEnergy #EnergySavings #GreenFuture

Exciting news in the Automotive Industry: Rivian and Volkswagen Group have announced a groundbreaking partnership. They intend to establish a joint venture aimed at creating next-generation electrical/electronic architecture (E/E-architecture) for electric vehicles. This joint venture will enhance VW’s product portfolio, facilitate market expansion, forge a strategic partnership, and position both companies to lead the EV race in major markets. Through this venture, VW will avoid the need to develop an all-wheel-drive system from scratch and can enter the US pickup truck market. Meanwhile, Rivian expects to address its power module supply issues, which have impacted production volumes. #vw will invest $4 billion in this venture, with Volkswagen and Rivian each holding a 50% stake and maintaining equal control. Furthermore, VW can help Rivian in supply chain cost optimization, particularly in semiconductors. Currently, Rivian is buying power modules at a higher price. With VW’s assistance, Rivian can save a minimum of $300 to $400 per vehicle, representing another type of investment that Rivian can benefit from indirectly. Volkswagen seeks a developed platform, while Rivian is looking for investment, making this a perfect example of a mutually beneficial partnership. Additionally, the software company CARIAD has announced a partnership with Bosch in the realm of software and autonomous vehicles. However, smooth partnerships between American and German companies can be challenging due to intercultural differences, as evidenced by the Daimler-Chrysler merger, and MAN-Force JV in India. This joint venture is not just about product, investment, market, and technology; it's also about the people and teams from both companies. It takes time to establish trust and develop a good understanding, but how they understand each other and cooperate, and avoid conflict to achieve their goals will be crucial to their success. #electriccar #cars #usa #germany #eu #vw #rivian #volkswagen #ev #electricvehicle #strategy #automotiveindustry

Title: Rivian's Stock Skyrockets After Volkswagen's $5 Billion Investment - A New Era for EVs? 🚀 Rivian Automotive Inc. saw an impressive 50% surge in its share price on November 16, 2021, following a massive $5 billion investment from Volkswagen AG. This landmark deal not only bolsters Rivian's valuation to around $80 billion but also marks a significant step forward in the electric vehicle (EV) industry. 🌍 Volkswagen's investment is part of its ambitious strategy to pump approximately $73 billion into electric vehicles and digitalization by 2029, aiming to sell roughly 26 million EVs globally by 2030. This strategic collaboration with Rivian will involve producing Volkswagen's EVs using Rivian's U.S. facilities, expected to accelerate the transition from traditional combustion engines to electric power. 🔧 The partnership could revolutionize both companies' fortunes by merging Volkswagen's extensive automotive experience with Rivian's innovative EV technology, including its acclaimed skateboard platform. This integration promises substantial cost savings and scalability advantages, enhancing their competitive edge in the exploding EV market. ✨ For Rivatorians and auto enthusiasts alike, what does this monumental partnership mean for the future of electric transportation? Will other automotive giants follow suit in forming similar alliances? Share your thoughts below! 👇 #Rivian #Volkswagen #ElectricVehicles #EVIndustry #Innovation #AutomotiveIndustry #Sustainability #FutureOfTransportation #StockMarket 👀 Watch this space for more updates on how this partnership develops and influences the global automotive landscape. Join the discussion and let us know how you see this impacting the future of mobility!

Big news for our local EV champion, Rivian! Volkswagen has officially invested in Rivian to enhance their EV software, a strategic move that underscores the growing significance of innovative tech in the automotive industry. A great sign of perseverance for the EV automaker as they've been bleeding cash through their start-up operations. This collaboration isn't just a win for Rivian; it's a continued win for Central Illinois too. Reflecting on the early days when Rivian was setting up its facility in Normal, Illinois. The regional market witnessed a significant uptick in industrial demand by suppliers eager to be near Rivian's manufacturing hub. Also spurred a bullwhip in the workforce housing demand. I'm speculating that this new investment will further stimulate demand in the industrial sectors here, promising further economic growth and job creation in our region. What are your thoughts on how this partnership will further reshape the Central Illinois local economy? #EV #Volkswagen #Rivian #AutomotiveInnovation #TechPartnership #EconomicGrowth #Industrial #Warehouse #Logistics #CentralIllinois https://lnkd.in/ge-_iKjA

Not exactly new news but I had to comment on it because I think this has big implications for the EV market. Volkswagen Group made a big move by investing an initial $1 billion, which will potentially rise to $5 billion, into Rivian. This looks to be an equally good deal for both parties. This may have been a shock to some people, but credit where credit is due, I remember reading about this potential move quite a while ago in EV inFocus. For VW, this partnership solves many of it's software challenges, providing a big boost to their tech capabilities. For Rivian, it is a big financial boost and enhances its production capacity, which is important as I know they have ambitious goals. Last year, Rivian were looking at a net loss of nearly $1.45 billion, so this finance injection is perfectly timed as they approach breakeven. VW has made a lot of big changes since 'Dieselgate' with some clever partnerships with industry leaders like XPENG, Ford Motor Company, Rivian, and Rimac Technology. I am a big advocate for this smart strategic approach to leverage external expertise. An interesting thought is that the mid-term prospects are exciting, with potential for a distribution partnership, some business are already licking their lips at this. But another interesting angle to look at is the impact on Scout Motors Inc., they could well benefit from existing Rivian developments that could boost innovation and reliability of their products and give them a competitive lift. What are your thoughts on this? VW are pushing to become a major player in the EV market, and it is quite interesting to watch as they rebuild and innovate after some big set backs a few years ago. https://lnkd.in/eumxhuqG #Automotive #ElectricVehicles #AutonomousVehicles #SoftwareDefined #Technology #Innovation #Business

The $5 billion Volkswagen Group and Rivian collaboration, focused on EV architecture and software development signifies a new era for the automotive industry. Volkswagen will initially invest $1bn as part of a partnership with Rivian to form a new, equally controlled joint venture to share electric vehicle architecture and software, the companies said on Tuesday. 💡Why this matters: This deal highlights the growing importance of connectivity in the future of mobility. EV success hinges on more than batteries. Seamless in-car experiences, remote diagnostics, and performance optimisation all rely on robust connectivity. This partnership is a groundbreaking move in this unprecedented era for automakers as they continue to prioritise software-defined vehicle technology. #EVrevolution #Connectivity #Volkswagen #Rivian #FutureofMobility