Automotive Industry

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Volkswagen to invest up to $5 billion in EV maker Rivian as part of tech joint venture (www.reuters.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 5 months ago (1 children)

From my understanding, ist rivian Kind of a Truck company?

I think it's split between delivery vans and SUVs. Amazon has a stake in them aswell. I think at some point they owned like 20%? Not sure how much they currently hold.

Software has to be the main draw. I am not sure how interested they are in the delivery vans, and one has to think that they have enough SUVs themself.

[–] [email protected] 2 points 5 months ago

Well, Volkswagen AG has always been strong in commercial vehicles. Think about the First Taxi car in China (forgot That Name..), huge company car fleets in Europe, so small Delivery Trucks could.make Sense as well.

However, its probably Software, you are right