The companies announced their collaboration at the end of June. The aim of the joint venture is to integrate Rivian’s advanced electrical infrastructure and software technology into the future electric vehicles of both companies, in all relevant vehicle segments.
The joint venture will use Rivian’s existing technology to launch the Rivian R2 model in the first half of 2026. The first Volkswagen models with Rivian technology should appear on the market in 2027. ‘ first is the Volkswagen models, followed by Audi, Scout, Porsche and other brands.
For several years, Volkswagen has been struggling to develop its own software. Because of this, it also delayed the market launch of several models, in some cases by several years, the DPA group said. Rivian developed its own architecture from scratch.
The headquarters of the joint venture will be in the American city of Palo Alto. Additional branches are planned in Europe and North America.
Photo: Rivian
The Rivian model family has already grown to five, but VW needs money to make them. And VW needs modern technology from Rivian.
Rivian was founded in 2009 and is still losing money. It is currently struggling with declining interest in electric cars in the US, selling about 10,000 cars in the last quarter. Revenue was $874 million and a loss of $392 million. The Volkswagen concern sold nearly 2.2 million cars, its sales amounted to 78.5 billion euros (nearly two trillion CZK) and profit after tax was 1.58 billion euros.
Rivian currently manufactures large sport utility vehicles (SUVs) and pickup trucks. It also supplies electric utility vehicles to its investor, Amazon.
2024-11-13 12:00:00
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