Volkswagen investing $5 billion in Rivian | Rivian Stock Soars 50% |RJ Scaringe |

Volkswagen Group has announced plans to invest up to $5 billion in electric vehicle startup Rivian, beginning with an initial investment of $1 billion. The subsequent $4 billion is expected to be invested by 2026, including $1 billion each in 2025 and 2026, and an additional $2 billion in 2026 for a joint venture aimed at developing electrical architecture and software technology, according to a statement released by the automakers on Tuesday
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