EuropeEnglish · 4 months ago

German carmaker Volkswagen to invest up to $5bn in US-based electric vehicle company Rivian to share technology

6

48

German carmaker Volkswagen to invest up to $5bn in US-based electric vehicle company Rivian to share technology

EuropeEnglish · 4 months ago

6

Rivian

Rivian is an electric vehicle manufacturer on a mission to keep the world adventurous forever.

Rivian and Volkswagen Group intend to enter a joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles.
Volkswagen Group to invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion.
Joint venture is expected to build on Rivian’s industry-leading software and electrical architecture to create best-in-class software-defined vehicle technology platform.
The tie-up comes as competition intensifies between EV makers and Western countries move to impose tariffs on Chinese imports.

Chat

federal reverseM
link
fedilink
English
arrow-up
3·
4 months ago
Do they need saving? I thought they had Amazon’s money as backing.

(Also I wonder — how will this news impact VW’s new Scout brand.)
- Addv4@lemmy.world
  link
  fedilink
  English
  arrow-up
  1
  arrow-down
  1·
  4 months ago
  Yeah, but even then they are loosing money on every van they make for them. It’s mostly R&D, but still.

Europe

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !europe@feddit.org

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don’t overly distort the content.
No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
Be kind to each other, and argue in good faith. Don’t post direct insults nor disrespectful and condescending comments. Don’t troll nor incite hatred. Don’t look for novel argumentation strategies at Wikipedia’s List of fallacies.
No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
Be the signal, not the noise: Strive to post insightful comments. Add “/s” when you’re being sarcastic (and don’t use it to break rule no. 3).
If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They’re cool, you should subscribe there too!)
Don’t evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)

(This list may get expanded when necessary.)

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don’t show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the mods: @federalreverse@feddit.org, @poVoq@slrpnk.net, or @anzo@programming.dev.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

590 users / day
1.62K users / week
3.43K users / month
7.97K users / 6 months
394 local subscribers
1.46K subscribers
960 Posts
6.46K Comments
Modlog