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Market
Number of EV models announced under VW-Rivian joint venture by end of 2025
5
Resolution / Starting Odds
0-1 models • 33%
2-3 models • 34%
4 or more models • 33%
Official announcements from Volkswagen or Rivian, or verified industry news outlets
Story
Volkswagen to Invest $5 Billion in Rivian for Joint EV Venture, Stock Surges 36%
Jun 25, 2024, 08:24 PM
Volkswagen has announced a significant investment in electric vehicle maker Rivian, amounting to up to $5 billion. The German automaker will initially invest $1 billion, with plans to increase this amount to $5 billion by 2026. This investment will form part of a joint venture between the two companies aimed at developing next-generation battery-powered electric vehicles. Rivian's stock surged by 36% in after-hours trading following the announcement. The collaboration will see Rivian's software and electrical architecture integrated into Volkswagen's future EVs, providing a much-needed financial boost to the struggling startup while granting Volkswagen access to advanced EV technology. Rivian's stock rose 35% in after-hours trading.
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Sedan • 25%
SUV • 25%
Truck • 25%
Other • 25%
Above 50,000 units • 33%
Between 30,000 and 50,000 units • 33%
Below 30,000 units • 33%
0-1 • 25%
2-3 • 25%
4-5 • 25%
More than 5 • 25%
0-500 • 25%
501-1,000 • 25%
1,001-2,000 • 25%
More than 2,000 • 25%
One model • 25%
Two models • 25%
Three models • 25%
More than three models • 25%
United States • 25%
Europe • 25%
China • 25%
Other • 25%
