Rivian, Volkswagen Group launch $5.8 billion joint venture

(Reuters) - Rivian (NASDAQ:RIVN ) and Volkswagen (ETR:VOWG_p ) Group launched on Tuesday the joint venture they had announced in June, valued at $5.8 billion, to share software and electric vehicle architecture.



The joint venture aims to integrate advanced electrical infrastructure and Rivian's software technology for future electric vehicles of both companies, across all relevant vehicle segments, including subcompact cars, the firms said.

Volkswagen Group plans to invest up to $5.8 billion in Rivian and the joint venture by 2027, they said, adding that an initial investment of $1 billion in the form of a convertible note has already been made.

Source: Investing.com

Последние публикации
Affinity buys two Southeast Asian companies for $1.65 billion, sources say
26.11.2024 - 11:00
Keep money in US stocks but shift away from Mag 7, Goldman's Kostin says
26.11.2024 - 11:00
Banco BPM's board meets to start discussing UniCredit's takeover bid
26.11.2024 - 11:00
Dollar up, Europe stocks come under fire as Trump vows tariffs
26.11.2024 - 11:00
Halfords beats estimates, shares jump 13%
26.11.2024 - 11:00
Zoom Video Communications delivers beat-and-raise Q3 performance; shares slide
26.11.2024 - 11:00
Kohl's surprise CEO departure to amplify woes ahead of holiday shopping season
26.11.2024 - 11:00
Melrose buys back shares, boosts stock price
26.11.2024 - 11:00
Sri Lanka launches long-awaited bond swap in key step to emerge from default
26.11.2024 - 10:00
European stocks open lower amid trade concerns
26.11.2024 - 10:00
Banco BPM board member says UniCredit bid is hostile, ANSA reports
26.11.2024 - 10:00
Roche to acquire cell therapy maker Poseida Therapeutics in $1.5 billion deal
26.11.2024 - 10:00
Auto stocks lead losses in Europe on Trump's tariff risk
26.11.2024 - 10:00
European automakers fall as Trump pledges tariffs
26.11.2024 - 10:00
Huawei launches Mate 70 smartphone as new US chip curbs loom
26.11.2024 - 09:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?