BONUS PODCAST: Why Rivian-Volkswagen Need Each Other To Succeed
Update: 2024-11-25
Description
Welcome back to a bonus edition of the podcast, as we take a look at what the recent $5.8bn deal between Rivian and Volkswagen Group will mean for each business, the cars we can buy in the future and indeed the wider EV industry.
On November 13, 2024, Rivian and Volkswagen Group launched a groundbreaking joint venture named "Rivian and VW Group Technology, LLC."
On November 13, 2024, Rivian and Volkswagen Group launched a groundbreaking joint venture named "Rivian and VW Group Technology, LLC."
This business partnership marks a significant milestone in the electric vehicle (EV) industry, with a total deal size of up to $5.8 billion. The collaboration aims to leverage the strengths of both companies to fix each other’s weaknesses. They say the union will drive innovation, scale, and cost efficiency in EV production.
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