There has been an exciting development in the electric vehicle market. German automotive giant Volkswagen Group announced that it will invest up to 5 billion dollars in US electric vehicle manufacturer Rivian. Shares of electric vehicle manufacturer Rivian skyrocketed after Volkswagen announced that it would invest $5 billion. So, what major developments will this major investment bring about? Here are the details…
Rivian’s New Models are on the Horizon with Volkswagen Investment!
Volkswagen’s $5 billion investment in Rivian is not only an exciting development in the electric vehicle market, but also an important step for Rivian to expand its product range. Part of the investment will be allocated to the development of the R2 SUV and R3 crossover models, which are planned to be launched in early 2026.
Additionally, this investment will have a significant impact on the company’s supply chain. Through the partnership, Rivian will be able to significantly reduce operating costs by leveraging supply volumes, including chips and components.
Volkswagen’s $5 billion investment in Rivian is critical for the company’s financial situation. Because it will help him turn his cash flow into positive and ensure his financial stability.
Full Electric Rivian R2, R3 and R3X Features and Price
Rivian introduced its new fully electric cars developed in the SUV category. Here are the features, price and release date of Rivian R2, R3 and R3X!
Additionally, it should be noted that the investment also includes technology transfer. Thus, Rivian will license its existing intellectual property to the newly established joint venture, and thus its technology will also reach Volkswagen Group’s iconic brands such as Audi, Porsche, Lamborghini and Bentley.
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