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Rivian Wins $1B From Volkswagen for End of Winter Testing - Orange County Business Journal
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4 Articles
Europe's largest car manufacturer wants to build better e-cars – and pays billions for the help of the Californian start-up Rivian. But so far the deal only uses one side.
Rivian Wins $1B from Volkswagen for End of Winter Testing - Orange County Business Journal
RV Tech, the joint venture between Volkswagen Group and Rivian Automotive Inc., has completed the winter testing for its software-defined vehicles delivered in the fourth quarter of 2025—meeting a key milestone that unlocks a $1 billion investment from Volkswagen. The funding was contingent on the successful completion of the winter testing program, Chief Executive RJ Scaringe said during a February earnings call. Testing of key hardware and s…
After several months of winter testing in Phoenix (USA) and Arjeplog (Sweden), the Volkswagen and Rivian teams have crossed... The Volkswagen article advances in the development of its future electric cars with the help of an American manufacturer appeared first on Automobile Clean.
Rivian is the most important VW partner for the coming years and this can cost VW a lot. By the end of 2026 it will probably be more than 2.3 billion euros, which will be transferred from the VW accounts to Rivian. Rivian and VW have founded a joint venture under RV-Tech for the upcoming new electronics and software architecture. The Americans help the Group to set up a new architecture that can be used throughout the Group, which can be found i…
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