Volkswagen Investing $5 Billion in Rivian and Jointly Create Vehicle Software
by Brian Wang from NextBigFuture.com on (#6NSBN)
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected to be invested following the establishment of a joint venture. Rivian is up about 50% afterhours. The Rivian and Volkswagen Group joint venture will create vehicle software. Volkswagen ...