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Wow. VW Group will invest up to $5 billion in Rivian to form a new, equally controlled joint venture sharing #EV architecture + software. JV's HOT TAKE: (a) Rivian gets the cash it needs before the R2 goes into production 2 yrs hence; (b) VW desperately needs software help on SDVs; (c) VW gets a US-based JV to build new products; so (d) Is THIS what underpins the new (and so far largely unknown) Scout Motors Inc. brand? More to come on this, for sure. #electriccars #electricvehicles #autoindustry #automotive #VWgroup #Rivian https://lnkd.in/eJsauZfs

🚗 Exciting news in the automotive industry! 🌿 Rivian and Volkswagen Group have announced plans for a joint venture to create industry-leading vehicle software technology. 💰 Volkswagen Group also plans to invest up to $5 billion in Rivian. Key highlights: - The joint venture aims to create next-generation software-defined vehicle (SDV) platforms for future electric vehicles of both companies. - Rivian's proven zonal hardware design and integrated technology platform will serve as the foundation for SDV development. - The partnership is expected to accelerate software development, lower costs, and speed up innovation globally. - Vehicles benefiting from the joint venture's technology are expected to launch in the second half of the decade. Volkswagen Group will initially invest $1 billion in Rivian through an unsecured convertible note, with plans for an additional $4 billion investment. 📈 This strategic partnership showcases the growing importance of software and electrical architecture in the automotive industry's shift towards electric and autonomous vehicles. 🔌🚘 Read more: https://lnkd.in/gfcA3x4D #RivianVolkswagen #ElectricVehicles #SoftwareDefinedVehicles #AutomotiveIndustry #Investments

Rivian and Volkswagen Group intend to enter a joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future #electricvehicles. Volkswagen Group to invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion Joint venture is expected to build on #Rivian’s industry-leading software and electrical architecture to create best-in-class software-defined vehicle technology platform. #FutureMobilityAsia #EnergyTransition #Innovation #UrbanMobility #FutureMobility

⚡️Five SBOM Insights from the Volkswagen and Rivian Partnership 🤝 📰 VW and Rivian announced a strategic partnership a few days ago, to jointly develop new software-based vehicle platforms for both companies. #VW will invest up to $5 billion in #Rivian, forming a joint venture focused on the development of new E/E architecture: https://lnkd.in/deSCP4GV 🔦 Today though, we're analyzing this partnership from a #ProductSecurity prism - the economics of scale around software development, #compliance and #SBOM management. Let's dive in! ** Five SBOM Insights from the VW and Rivian Partnership ** 1. **Investment and Strategic Partnership**: VW’s investment in Rivian signals a strong strategic partnership, likely granting VW some access to Rivian's software development prowess. Deploying proper SBOM practices helps ensure transparency in the software components being used by both companies, while collaboratively managing updates and security patches. 2. **Focus on Electrification and Mobility**: The collaboration is aimed at developing next-gen software platforms for electric vehicles and their ecosystem. SBOMs are crucial here as they ensure that the software throughout the ecosystem - charging stations, power infrastructure, grid management companies, and others - is secure and reliable, preventing potential cyber threats while maximizing operations. 3. **Shared Platforms and Technology**: By sharing platforms and technologies, VW and Rivian can streamline development processes throughout their supply chains. An SBOM allows both companies to have a clear understanding of the software stack and visibility into supply chain security practices, facilitating smoother integration. 4. **Innovation and Development Efficiency**: The partnership aims to leverage combined resources for faster innovation. SBOMs can accelerate this by providing a clear view of reusable components and identifying potential risks early in the development cycle. 5. **Regulatory Compliance**: Last but not least. As automotive software becomes more complex, compliance with regulations like UN Regulation No. 155, ISO/SAE 21434, and Chinese GB Standard, becomes critical. SBOMs play a vital role in ensuring that all software components meet these regulatory standards, thereby reducing legal and compliance risks. ***  SBOM, much like TARA (Threat Analysis and Risk Assessment), are entry points to a holistic DevSecOps journey. Whether you're making your first steps in Product Security, or looking for a robust DevOps orchestration platform, we're here to help. Our risk-driven, context-based product security platform empowers car makers and suppliers to achieve three key business multipliers: 1️⃣ Risk-driven analytics and automation 2️⃣ Dynamic risk management throughout the product lifecycle 3️⃣ Compliance and regulation automation 🔗 To learn more about our SBOM product and schedule an exclusive demo: https://lnkd.in/dQY8VKaB

Volkswagen Group to invest up to $5Bn in Rivian. This is great news for the wider #EV industry as it secures the future of one of the most exciting players outside of #China and helps VWG to overcome some of the challenges with #software in their #BEVs. I really like what Rivian are doing, but had started to fear we'd never see them in the UK. This announcement also sees their plans for European expansion cemented, meaning we could get to see the R2 and R3 (which looks quite a lot like a Mk1 #Golf), in the near future. Exciting times! #electricvehiles #sustainabletransport #WEVD #electricdrives https://lnkd.in/dqy6YmXx

#Rivian and #VW are making headlines with their 50-50 joint venture. VW's initial $1B investment, with a potential additional $4B over the next few years, sets the stage for a significant collaboration. The announcement hints at developing "affordable mass market" vehicles, sparking curiosity about the branding implications. Both companies remain tight-lipped, emphasizing VW's exploration of scaling up and speeding up its transformation, with an eye on incorporating #Rivian's technology for future projects. Recent reports (Reuters) reveal that #VW and #Rivian have been testing Rivian software on Audi vehicles, showcasing the synergies between the two companies. This strategic move enhances VW's technological capabilities and challenges its internal software unit, #Cariad, to innovate rapidly to match a digital-first company like #Rivian. As the automotive industry evolves towards a software-driven future, other car companies will likely observe this partnership closely. Questions arise about potential other joint ventures--who might explore a jv with #Lucid? The era of #Fusionstrategy is upon us, urging industrial players to blend internal advancements with external collaborations to stay ahead in the dynamic market landscape. #VW's shift from traditional industrial roots to a digital frontrunner signifies a transformative journey, emphasizing the importance of embracing external software expertise. Similarly, #Rivian's potential shift towards software licensing opens new avenues for partnerships and industry-wide innovation. This collaboration could be a turning point in redefining the automotive landscape towards a software-centric future. #AutomobilityTransformation.

Well... I didn't see that coming! Volkswagen Group is investing up to $5 billion in Rivian to form a joint venture that shares EV architecture and software. This strategic partnership aims to bolster Rivian’s development of new models like the R2 SUVs and R3 crossovers while helping VW overcome its software challenges. This will help Scout Motors Inc. The market's positive reaction was evident as Rivian's shares surged 50% following the announcement. This collaboration highlights the trend of traditional automakers partnering with innovative startups to navigate the evolving EV landscape. What are your thoughts on this move? #EV #Volkswagen #Rivian #AutomotiveIndustry #Innovation #Investment #Automotivenews #EVnews #futuremobility #futuremobilitynews #scoutmotors

In an announcement which sent Rivian shares skyrocketing, Rivian and Volkswagen Group have announced a joint venture which will allow both manufacturers to share software and EV architecture. VW will start with an initial investment of $1bn, with another $4bn invested further down the line. Find out more down below 👇 #ElectricDrives | #Sustainability | #ElectricVehicles | #EV | #Volkswagen | #Rivian Harry Porter Hannah Sells Tanya Miller Brandon de León, MBA

PARTNERSHIP: Volkswagen and Rivian announce joint venture to develop next-gen SDV platforms EV manufacturer #Rivian Automotive and #VolkswagenGroup (VW) have announced their intention to form an equally controlled and owned joint venture to create next-generation #electrical architecture and software #technology for software-define vehicles (SDVs). The partnership is anticipated to accelerate the development of #software for both companies. Rivian’s zonal hardware design and integrated technology platform will serve as the foundation for #SDV development in the JV for the companies’ vehicles. In the short term, the collaboration is expected to enable VW to use Rivian’s existing #electricalarchitecture and software platform. The partnership’s longer-term ambition is to accelerate VW’s SDV plans and transition to a pure zonal architecture. Oliver Blume, CEO of VW, said, “Our customers benefit from the targeted #partnership with Rivian to create a leading technology architecture. Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost.” RJ Scaringe, founder and CEO of Rivian, said, “We’re very excited to be partnering with Volkswagen Group. Not only is this partnership expected to bring our software and associated #zonalarchitecture to an even broader market through Volkswagen Group’s global reach, but this partnership also is expected to help secure our capital needs for substantial growth." Read more here: https://lnkd.in/eKREcw2m   #Automotive #AutomotiveTesting #Engineering #AutomotiveIndustry #AutomotiveEngineering #Mobility #Technology #Transportation #AutoTestMag #AutoTestExpo #AutoTestNovi #AutoTestEurope #AutoTestIndia #AutoTestChina #AutoTestKorea

"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