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Volkswagen to invest US$5 billion in Rivian, forming EV software JV

Peng Chen, DIGITIMES Asia, Taipei Wednesday 26 June 2024 0

Credit: Rivian

Volkswagen Group and US-based Rivian announced on June 25 that the former will invest up to US$5 billion in the emerging EV maker. The pair will also establish a joint venture focusing on software-defined vehicle (SDV) platforms.

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