Symbols

Volkswagen to invest an additional $800 million to push forward its cooperation plan with Rivian (RIVN.US)

Generated by AI AgentMarket Intel

Tuesday, Nov 12, 2024 8:40 pm ET1min read

Volkswagen AG on Tuesday added $800 million to its investment plan to jointly develop battery-powered vehicles with Rivian Inc. (RIVN.US), which the German carmaker said in June it expected to invest $5 billion in. The companies also named leaders for their $2 billion-plus joint venture and showed off a prototype electric vehicle and commitment despite a weak global demand for EVs and a Trump administration threatening to cut support policies.

Market Intel

Global insights driving the market strategies of tomorrow.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments

﻿

Add a public comment...

No comments yet

AInvest
PRO

Editorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process. While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context. Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue