Rivian Receives Huge Vote of Confidence From German Juggernaut
Many investors were first introduced to Rivian (NASDAQ: RIVN) when the electric vehicle (EV) maker announced its blockbuster deal and partnership with Amazon in February 2019. The partnership, in which Rivian agreed to deliver 100,000 electric delivery vans to Amazon by the end of 2030, was instrumental in helping the automaker survive during its early days.Just as important as that partnership, perhaps even more so, is Rivian's joint venture with Volkswagen (OTC: VWAGY), announced in November 2024. New details regarding that partnership point to an even deeper partnership than initially thought.Speaking to Yahoo! Finance on June 2, Rivian's chief software officer, Wassym Bensaid, revealed just how entrenched Rivian's technology is in the joint venture.Continue reading
Many investors were first introduced to Rivian (NASDAQ: RIVN) when the electric vehicle (EV) maker announced its blockbuster deal and partnership with Amazon in February 2019. The partnership, in which Rivian agreed to deliver 100,000 electric delivery vans to Amazon by the end of 2030, was instrumental in helping the automaker survive during its early days.
Just as important as that partnership, perhaps even more so, is Rivian's joint venture with Volkswagen (OTC: VWAGY), announced in November 2024. New details regarding that partnership point to an even deeper partnership than initially thought.
Speaking to Yahoo! Finance on June 2, Rivian's chief software officer, Wassym Bensaid, revealed just how entrenched Rivian's technology is in the joint venture.
