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Rivian and Volkswagen Launch Electric Vehicle Joint Venture
Nov 23, 2024•over 1 year ago
Contract Type
partnership
United StatesManufacturingTransportationAutomotiveElectric Vehicle
Description
Rivian and Volkswagen have officially launched a joint venture to develop cutting-edge electric vehicles with the aim of releasing the first models potentially as early as 2027. The partnership aims to develop advanced EV technology and models by 2027, boosting Rivian's market position with significant investment. Volkswagen also announced an increase in its financial commitment to $5.8 billion, showing confidence in the future of the EV market.
Company Information
Company
Rivian
Location
United States
About
Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers.
United StatesManufacturingTransportationAutomotiveElectric Vehicle