Rivian and VW Formalize Multi-Billion-Dollar Partnership

Rivian and Volkswagen announced a new partnership earlier this year, but it’s just now become official. The pair recently formalized their joint venture, which could be worth billions over the next few years.The pair’s plan could see VW invest as much as $5.8 billion to gain access to Rivian’s software and technology, up from the original $5 billion plan. Those funds will help Rivian launch its next-generation EVs, and VW will lean on Rivian’s architecture for new vehicle