VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla

Deal is a financial lifeline for Rivian as automakers rethink strategies in a slowing EV market

By: financialpost.com

Jun 26 2024
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VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla

Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc., plowing US$5 billion into a tie-up with that company’s closest would-be rival, Rivian Automotive Inc. Read More

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VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla

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