Rivian and Volkswagen forge $5.8 billion tech-focused EV partnership
This collaboration aims to merge Rivian's software with Volkswagen's electrical infrastructure, boosting EV technology and reducing production costs
In a significant development, a collaborative initiative has been announced between the U.S.-based electric pickup and SUV manufacturer Rivian and the German automotive giant Volkswagen. This joint venture, established with a substantial investment of $5.8 billion from Volkswagen in November, aims to merge Rivian's innovative software technology with Volkswagen's advanced electrical infrastructure. This collaboration is set to expedite the development and integration of cutting-edge technologies into the electric vehicles (EVs) produced by both companies.
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