Rivian and Volkswagen Group announce $5.8bn joint venture
Rivian and the Volkswagen Group have formally announced their new $5.8 billion (£4.5 billion / €5.4 billion) joint venture, known as Rivian and VW Group Technologies. While using both of their names, the automakers confirmed that their JV will operate as an independent company. Through it, the OEMs are aiming to develop next-generation electrical…
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