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Rivian stock soars
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new electrical architecture and vehicle software for future models, including subcompact cars, with the first planned for 2027. The investment size has now increased to $5.8 billion.
Rivian And VW's $5.8B Joint Venture Will Power A Lot, Including 'Subcompact Cars'
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's CTO. They'll serve as co-CEOs. It'll be based in Palo Alto, California, to start. Three more sites are in development North America and Europe, the companies said on Tuesday.
Rivian stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create “cutting edge” EV technology.
thetechedvocate.org
6h
Rivian R2: Compact Electric Adventure
Since technology is not going anywhere and does more good than harm, adapting is the best course of action. That is where The ...
1d
2026 Rivian R2 will have a more powerful battery — who is leading its development?
Rivian is having rookie success as an American EV startup that saw it move nearly 50,000 units in its first full calendar ...
8h
Rivian-Volkswagen partnership to produce EV tech for model to be manufactured in Georgia
Rivian is teaming up with Volkswagen in a $5.8 billion joint venture for EV innovation on its R2 model, which the company ...
4d
on MSN
Rivian is bracing for tariffs and making changes to its R2 sedan supply chain, CEO says
CEO of Rivian RJ Scaringe said the company is focused on sourcing suppliers not subject to Trump's potentially large tariffs.
2h
Volkswagen raises its investment in Rivian by 16% to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16 per cent to $5.8 billion, the two automakers said on Tuesday, as the ...
Electrek
8h
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
4d
Rivian R2 EV’s new LG battery boosts storage capacity sixfold
The R2 promises acceleration of 0 to 60 mph in under 3 seconds and an estimated range of over 300 miles. It’s packed with ...
3d
LG’s EV battery with six times more energy storage to power Rivian R2 SUV
The much-anticipated Rivian R2, expected to compete with Tesla's Model Y, will utilize US-made LG's 4695 cylindrical ...
The Motley Fool
1d
Is Rivian's Biggest Catalyst in Danger?
Rivian
can still produce positive gross profits, partly thanks to regulatory credits. While investors await the much-hyped ...
5d
on MSN
The Rivian R2’s next-gen batteries will be made in the US by LG Energy
The cell is called “4695” due to its diameter of 46 millimeters and height of 95 millimeters — larger than Tesla’s 4680 cells ...
1d
Rivian Automotive price target lowered to $16 from $18 at Stifel
Stifel analyst Stephen Gengaro lowered the firm’s price target on Rivian Automotive (RIVN) to $16 from $18 and keeps a Buy rating on the ...
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