Rivian and Volkswagen Group Intend To Form JV for Electrical Architecture and Software; Volkswagen To Invest up to $5B in Rivian
Rivian Automotive and Volkswagen Group intend to form an equally controlled and owned joint venture (JV) to create next-generation electrical/electronic architecture (E/E-architecture) for electric vehicles. The partnership is anticipated to accelerate the development of software for Rivian and Volkswagen Group. It is expected to allow both companies to combine their…