iconJul 1, 2025 10:01
Source:SMM
On June 29, the German News Agency (DPA) reported that the Volkswagen Group will pay a second $1 billion investment to its partner Rivian, which is part of Volkswagen's commitment to invest up to $5.8 billion in Rivian. Volkswagen will thus obtain Rivian's advanced electric architecture technology. Of the total $5.8 billion, $3.5 billion will be used to purchase Rivian stock, which may make Volkswagen surpass Amazon as the largest shareholder; $2.3 billion will be invested in the joint venture Rivian Volkswagen Technologies established at the end of 2024, which will develop shared electronic architectures and software platforms. After the completion of this investment, Volkswagen's shareholding ratio will further increase from 8.6% after the first round of investment last year. Subsequent investments depend on technological achievements, including the payment of the third $1 billion in mid-2026 and the final $500 million in 2027, when Volkswagen's first model using Rivian technology will be launched.

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