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Volkswagen pumps another $1B into Rivian EV joint venture
Volkswagen has invested another $1 billion in Rivian as part of their ongoing joint venture. The two companies are collaborating on integrating Rivian's technology into Volkswagen's electric vehicles. This marks the latest funding tranche in their growing partnership.
The two companies have been collaborating on a joint venture that would see Rivian tech go in VW's EVs.