Volkswagen and Tesla Rival Rivian Announce $5.8bn Joint Venture to Boost EV Development
Volkswagen Group (VW) has increased its investment in a strategic partnership with electric vehicle (EV) maker Rivian, launching a joint venture worth $5.8 billion. This new deal, which builds on an initial commitment of $5 billion from VW, is expected to bolster both companies’ position in the growing EV market, particularly amid intensifying global competition…