RV Tech, a joint venture between Volkswagen Group and Rivian, has completed a successful winter test program, it said this morning. The partnership was created in 2024 when VW Group announced it would invest $5.8 billion in the American electric vehicle maker to gain access to Rivian’s expertise in vehicle software and electronic architecture. VW Group initially paid Rivian $1 billion in cash, with further payments over time: the completion of the winter testing milestone should unlock a further $1 billion payment.
VW’s decision to turn to Rivian followed a tortuous history of its own …
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Author: Jonathan M. Gitlin
Rivian and VW Group complete winter testing of new zonal architecture
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