American electric vehicle startup Rivian has reportedly secured up to $5 billion in investment from German automaker Volkswagen Group. Volkswagen plans to first invest $1 billion in Rivian to secure a stake and establish a joint venture by investing up to an additional $4 billion by 2026. Volkswagen and Rivian announced that they plan to jointly develop vehicle software and vehicles powered by next-generation batteries through a joint venture. It is noteworthy whether Rivian will be able to overcome difficulties such as sluggish demand for electric vehicles and lack of funds and expand electric vehicle production. It is becoming.
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