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Volkswagen pledges even more money to its joint venture with Rivian

ArenaEV
During the summer, Volkswagen and Rivian struck a deal to form a joint venture to work on software and the development of electrical architecture for EVs. The initial VW investment was planned to be $5 billion, but VW has now adjusted it up to $5.8 billion. The funding will come through in the next few years. About $1.3 billion will… Read more…

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