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Volkswagen, Rivian form $5.8bn JV to drive innovation in EV technology

By Yahoo! Finance   |   Nov 13, 2024 at 05:26 AM EST
Volkswagen, Rivian form $5.8bn JV to drive innovation in EV technology

Volkswagen and Rivian have formed a joint venture, Rivian and VW Group Technology, focusing on EV and autonomous driving tech. VW will invest $5.8bn in Rivian, with plans to develop subcompact cars by 2027.

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