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Will Rivian and VW announce a new EV prototype by the end of 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Rivian or Volkswagen, or major automotive news outlets
Story
Rivian and Volkswagen Expand Joint Venture to $5.8 Billion with $800M Investment, First Models Expected by 2027
Nov 12, 2024, 09:18 PM
Rivian and Volkswagen have announced an expansion of their joint venture, increasing the deal size from $5 billion to $5.8 billion with an additional $800 million investment. The joint venture, named 'Rivian and VW Group Technology, LLC,' aims to advance electric vehicle technology. The first Volkswagen models utilizing Rivian's software and electrical architecture are expected to be released as early as 2027. The companies have also named co-CEOs for the venture and showcased a prototype electric vehicle.
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Similar markets
Yes • 50%
No • 50%
United States • 25%
Europe • 25%
China • 25%
Other • 25%
World Car of the Year • 25%
North American Car of the Year • 25%
MotorTrend Car of the Year • 25%
Other • 25%
0-1 models • 33%
2-3 models • 34%
4 or more models • 33%