Rivian and Volkswagen pair up to Accelerate EV Technology
Partnerships Rivian Volkswagen
š¤ Rivian and Volkswagen pair up to Accelerate EV Technology. This joint venture will develop next-gen electrical architecture and software technology. The partnership is expected to advance the development of software for both companies, lower costs, and increase innovation globally. The deal is expected to be a $5 billion investment in total for VW.
šŗRivianās CEO, RJ Scaringe, said: āWeāre very excited to be partnering with Volkswagen Group. Since the earliest days of Rivian, we have been focused on developing highly differentiated technology, and itās exciting that one of the worldās largest and most respected automotive companies has recognized thisā. -Rivian Newsroom
š The joint venture aims to launch vehicles benefiting from the technology created within the joint venture in the second half of the decade. In the short term, Volkswagen Group is expected to utilize Rivianās existing electrical architecture and software platform.
The Rivian R3 closely resembles an ā80s Golf when it was revealed on May 7th- itās no surprise that they got together with VW. š
Go electric āš¼
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