VW to invest up to $5B in Rivian software deal
Volkswagen Group will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion. It’s a boon for Rivian, which has a tenuous path ahead as it pushes to develop its mass-market R2 SUV. The company’s shares shot up more than 49%
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Volkswagen Group will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion. It’s a boon for Rivian, which has a tenuous path ahead as it pushes to develop its mass-market R2 SUV. The company’s shares shot up more than 49% […]
© 2024 TechCrunch. All rights reserved. For personal use only.
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