Rivian’s VW deal could make it the Apple or Google of EV software
The spotlight has been on Rivian's long-term health for a bit now. With the company under financial pressure to get over the hump of moving from its R1 lineup into its R2 future, where the company is expected to experience its Tesla Model Y moment, there has been doubt thrown around about its ability to survive financially until then.
Enter Volkswagen. In a blog post, Rivian announced that the two companies have entered into a joint venture where Volkswagen will utilize Rivian's software platform and electrical platform in its future electric vehicles. The company is going to pay Rivian $5 billion over the years as part of the partnership.
The post Rivian’s VW deal could make it the Apple or Google of EV software appeared first on BGR.
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Rivian’s VW deal could make it the Apple or Google of EV software originally appeared on BGR.com on Wed, 26 Jun 2024 at 14:48:26 EDT. Please see our terms for use of feeds.