❗ We are planning a joint venture with Rivian, a California-based manufacturer of all-electric pick-up trucks and SUVs.
The shared goal will be, to create next generation software architectures, to be used in both companies’ future electric vehicles.
Check out the facts:
🔹 Initially, we will invest $1 billion in Rivian. A planned, additional investment will be up to $4 billion.
🔹 The joint venture is expected to create best-in-class, software-defined, vehicle technology.
Oliver Blume, CEO of Volkswagen Group: “Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost. We are also acting in the best interest of our strong brands, which will inspire with their iconic products. The partnership fits seamlessly with our existing software strategy, our products, and partnerships.“
The partnership is anticipated to accelerate the development of software for Volkswagen Group and Rivian.
❓ What do you think?
The shared goal will be, to create next generation software architectures, to be used in both companies’ future electric vehicles.
Check out the facts:
🔹 Initially, we will invest $1 billion in Rivian. A planned, additional investment will be up to $4 billion.
🔹 The joint venture is expected to create best-in-class, software-defined, vehicle technology.
Oliver Blume, CEO of Volkswagen Group: “Through our cooperation, we will bring the best solutions to our vehicles faster and at lower cost. We are also acting in the best interest of our strong brands, which will inspire with their iconic products. The partnership fits seamlessly with our existing software strategy, our products, and partnerships.“
The partnership is anticipated to accelerate the development of software for Volkswagen Group and Rivian.
❓ What do you think?