Volkswagen Expands Rivian Investment to $5.8B, Plans Software Integration into VW, Audi & Scout by 2027 🚗
Volkswagen boosts its investment in Rivian to $5.8 billion, aiming to integrate advanced software into VW, Audi, and Scout vehicles by 2027. Discover how this move accelerates their electric and tech-driven future.
Benzinga
3.3K views • Nov 13, 2024
About this video
Volkswagen Group has increased its planned investment in a joint venture with Rivian Automotive to $5.8 billion, before its operations launch Wednesday. This joint venture will integrate Rivian’s software and electrical systems into VW vehicles, with models expected in 2027. VW CEO Oliver Blume stated the integration will begin with Volkswagen and expand to Audi and Scout brands, with the potential for luxury sports cars. Rivian shares rose over 6% in after-hours trading.
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Nov 13, 2024
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