Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create “cutting edge” EV technology.

The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the coming years.

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Analysts see the joint venture between VW and Rivian as shoring up many concerns about the U.S. EV maker's challenges.

The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to attract budget-conscious consumers. The joint venture,

Volkswagen and Rivian have officially announced a joint venture, “Rivian and VW Group Technology, LLC,” that will kick off on November 13th. The collaboration, which will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing,

What do a California EV startup and a multinational automotive corporation have in common? If you answered “problems,” you get a gold star. As of yesterday, Rivian and VW Group have formally signed a joint venture,

Rivian Automotive (RIVN) surges on joint venture details with Volkswagen Group (VLKAF) and optimistic analyst forecasts for future growth.