Volkswagen to Invest $5 Billion in Rivian – Game-Changer in EV Industry Revealed
SAN FRANCISCO, CA – German automaker Volkswagen Group is making a significant investment of up to $5 billion in the U.S. electric-vehicle maker Rivian. This move is part of a new joint venture that will allow the two companies to collaborate on electric vehicle architecture and software. The partnership aims to address the challenges faced by the auto industry as EV startups navigate a slowdown in demand while traditional automakers struggle with developing battery-powered vehicles …