Volkswagen and Rivian have entered into a $5 billion partnership to develop software-defined vehicles
28.06.24
Volkswagen and Rivian have entered into a $5 billion partnership to develop software-defined vehicles. The collaboration will focus on Rivian’s zonal architecture, which significantly reduces the complexity of wiring and electronics in electric vehicles. This partnership will allow the companies to use their joint capabilities to produce new cars, while each company will continue to produce its own models.
The amount of cooperation is divided into several components. Volkswagen is investing $1 billion in Rivian, with further investments of the same amount in 2025 and 2026. Volkswagen also plans to invest $2 billion in the joint venture, partly at launch and partly in the form of a loan in 2026.
This work will allow Volkswagen to adapt Rivian’s signature zonal architecture for future vehicles. Rivian, which has faced financial difficulties, including abandoning plans for a Georgia plant and cutting 10% of its workforce, could be stabilized with this major deal with the leading automaker.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes

Logitech G PRO X TKL RAPID keyboard review: fine-tuning



The new Logitech G PRO X TKL RAPID keyboard doesn’t just offer the company’s high quality and mechanical switches. It also allows you to change some of the button activation parameters. Let’s talk more

AMD Radeon RX 9070 graphics card to be unveiled on February 28 AMD videocard world events
AMD has announced the upcoming presentation of a new generation of graphics cards based on the RDNA 4 architecture.
Windows KMS activator used by russian hackers to steal Ukrainians personal data hacker war
EclecticIQ researchers have identified cyberattacks that began in late 2023, which are linked to the Sandworm (APT44) group.