VW, Rivian eye 2026 release for products from joint venture

By Agence France-Presse

Nov 14, 2024 12:09 am

The collaboration, focusing on automotive software and 'electronic architecture' of vehicles, is based on an investment of up to $5.8 billion by Volkswagen in Rivian by 2027.

'The partnership with Rivian is the next logical step in our software strategy,' Volkswagen Group Chief Executive Officer (CEO) Oliver Blume said in a statement. 'With its implementation, we will strengthen our global competitive and technological position.'

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