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Volkswagen to Invest $5.8 Billion in EV Startup Rivian
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.
Volkswagen to Invest $5.8 Billion in EV Startup Rivian Through Joint Venture
The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.
Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software.
Ford reduces EV production in Germany
Ford Is Already Cutting Capri Production, Blames Weak EV Demand
New VW ID-based Capri crossover and its boxy Explorer brother are being throttled back as employees at the Cologne, Germany, plant are now only working alternate weeks
Ford is slashing hours for some German factory employees amid lower EV demand
The carmaker has more than 4,000 employees at its Cologne plant. It also has another plant in Saarlouis, in southwestern Germany.
Ford Is Already Cutting Production of Its New EVs
The Blue Oval blames the "rapidly deteriorating market conditions for electric vehicles." Although the Explorer Electric was unveiled in March 2023, Ford didn’t start production until June this year.
11h
China's CATL pushes beyond batteries into power grids, EV platforms
Robin Zeng, the billionaire founder of CATL , aims to reinvent the world’s largest battery maker as a green-energy provider ...
Interesting Engineering
9m
US scientists use electrochemical, gas sensing for rapid EV battery fire detection
Sandia National Labs is advancing EV safety by developing rapid fire-detection systems for batteries, using electrochemical ...
Hosted on MSN
11h
Global EV sales up 35% in October, Europe ekes out a gain
Sales in China hit a record high 1.2 million vehicles. In the United States and Canada,
EV
sales were up 11.4% to 0.16 ...
1d
Loss-making EV firm VinFast to get $3.4 bln more funding from founder, parent company
Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth 85 trillion dong ...
1d
on MSN
Japanese carmakers are losing ground as China surges ahead in the EV race
Toyota, Honda, and Nissan recently reported underwhelming earnings, pressured by China's competitive EV market.
E&E
1d
Trump could oversee an EV ‘battery boom’ — or bust
The incoming administration is expected to make key decisions that will mold the electric vehicle supply chain.
1d
on MSN
Gas stations won’t go away after the EV revolution—they’ll just get better
A new EV charging station in Southern California shows how developers are rethinking this crucial infrastructure.
1d
Honda Prologue EV, Via General Motors, Is A Hit—And Price Helps
You can thank General Motors for the Honda Prologue. Like the Chevy Blazer it's based on, price and incentives are helping ...
GM Authority
10h
Chevy Equinox EV Lease Deals Available In November 2024
In November 2024, a Chevy Equinox EV lease program is available, in addition to low-interest financing, and $7,500 off ...
19h
2025 Chevy Silverado EV RST Adds Steering Mode for Diagonal Moves
The top-dog RST trim copies the GMC Hummer EV by adding a crab-walking feature that Chevy is calling Sidewinder.
Forbes
7h
Revolutionizing Current Collectors In The EV Industry
Robert Lane is the CEO and Co-founder of Manaflex, a global innovator of circuitry solutions for
EV
, energy and other ...
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