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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
25 June 2024 at 17:56
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
The Volkswagen investment provides cash to Rivian, which has struggled to ramp up manufacturing of its electric pickups and sport utility vehicles.
© Joel Angel Juarez/Reuters
