EV Startup Rivian Shares Jump Over 50% After $1 Billion Investment from Volkswagen
Volkswagen Group plans to enter a joint venture (JV) with US-based EV startup Rivian to leverage the latter’s electronic control units (ECU) architecture and software stack to create an industry-leading software-defined vehicle (SDV) technology platform. As part of the strategic partnership, Volkswagen will initially invest $1 billion in Rivian and an additional $4 billion by … Read more
