Lee Endley’s Post

Volkswagen and Rivian are embarking on an exciting joint venture, marked by a $1 billion investment boost to Rivian. This strategic move is set to enhance Rivian's financial standing as it gears up for the debut of its R2 SUV and a series of cutting-edge vehicles and technologies. The collaboration is poised to expand the reach of Rivian's innovative software and zonal electronics architecture, capitalizing on Volkswagen's extensive global presence. Moreover, Rivian's latest R1 series showcases a revolutionary electrical architecture that streamlines the electronic control units from 17 to a mere 7, setting a new industry standard. #VolkswagenRivianPartnership, #BillionDollarInvestment, #RivianR2SUV, #CuttingEdgeVehicles, #InnovativeSoftware, #ZonalElectronicsArchitecture, #GlobalPresence, #RivianR1Series, #RevolutionaryElectricalArchitecture, #IndustryStandard, #Zonal, #Electrical, #SoftwareDefined

Exciting news in the EV space! Rivian and Volkswagen are teaming up in a massive $5B joint venture. This partnership will merge Rivian's top-tier software with Volkswagen's global footprint, promising to speed up innovation and cut costs. Rivian's getting a $5B boost, with VW initially investing $1B. This deal is expected to revolutionize the EV market, making advanced electric vehicles more accessible and affordable. "From day one, we've been about pioneering technology," says Rivian CEO RJ Scaringe "This partnership not only expands our reach but also secures the capital we need to grow." Rivian's shares surged after the news broke, showing strong market support for this collaboration. Join the conversation on the future of EVs and semiconductors! #EV #Semiconductors #Rivian #Volkswagen #Innovation #SustainableTransportation #TechLeadership #ElectricVehicles #FutureOfMobility #CLevelExecs #EngineeringExcellence Let’s drive the future together! 🚗💨 🔗 https://lnkd.in/gQz7G4WZ

Reflecting on the Rivian-Volkswagen Partnership: A Game Changer in Electric Mobility As someone deeply interested in the evolution of electric vehicles (EVs), the recent announcement of the joint venture between Rivian Automotive and Volkswagen Group has caught my attention for several reasons.  My Experience with Rivian's R1S 😉 Having experienced the Rivian R1S firsthand, I've been impressed by its robust hardware and the sheer number of cameras enhancing its safety features. While it doesn't yet match Tesla's self-driving capabilities or its extensive network of superchargers, Rivian's focus on powerful and durable EVs designed for adventure is commendable. The R1S showcases a commitment to quality that reassures potential buyers about the practicality and reliability of choosing a Rivian vehicle for both everyday use and more rugged outdoor activities. The Power of Collaboration The strategic alliance between Rivian and Volkswagen is expected to harness Rivian's innovative electrical architecture and Volkswagen's vast global reach, accelerating the adoption and development of next-generation EV technologies. This partnership stands to benefit both companies significantly: Innovation Acceleration: By combining Rivian's zonal hardware design with Volkswagen's expertise, the joint venture will likely push the boundaries of what's currently possible in EV technology. Cost Efficiency and Scale: One of the most compelling aspects of this partnership is the potential for cost reduction through increased scale, which could make EVs more accessible to a broader audience. Capital and Growth: For Rivian, this partnership not only bolsters its technological base but also provides a substantial capital infusion, ensuring its continued growth and stability. Looking ahead, the vehicles emerging from this collaboration are expected to hit the market in the latter half of this decade. With a planned investment of $5 billion from Volkswagen into Rivian, the financial backing is robust, reflecting a strong commitment to the joint venture's success. This partnership, aimed at developing software-defined vehicle (SDV) platforms, represents a significant leap forward in the design and functionality of EVs. https://lnkd.in/gU4uhRta #ElectricVehicles #EVMobility #SustainableTransport #AutoInnovation #Rivian #Volkswagen #TechPartnership #FutureOfDriving #SoftwareDefinedVehicles #GreenTech #AutomotiveTechnology #EcoFriendly #ZeroEmissions #RivianR1S #VehicleElectrification #AutomotiveNews #CleanEnergy #EVCommunity #InnovationInMotion #TechCollaboration

#Volkswagen's $5bln #investment in #Rivian boosts EV maker's shares! "#German #automaker #VolkswagenGroup will #invest up to $5 billion in #US. #ElectricVehicle maker #Rivian as part of a new, equally controlled #jointventure to share #EV #architecture and #software. Shares of Rivian surged about 50% in extended trade after the announcement, potentially #supercharging the company's #market value by nearly $6 billion. The #autoindustry faces a #crucial time as #EVstartups grapple with a slowdown in demand amid #high #interest #rates and dwindling #cash, while traditional automakers struggle to #build #batterypowered #vehicles and #advanced #software. The investment will provide Rivian the #funding necessary to #develop its less expensive and smaller #R2 #SUVs that are set to roll out in early 2026 and its planned #R3 #crossovers, CEO #RJScaringe told Reuters. Moreover, the #partnership will enable Rivian to #cut operating #costs by leveraging volumes of #supplies including #chips and #components, he said. It will also help Rivian, known for its #flagship #R1S #SUVs and #R1T #pickups, turn #cashflow positive. The company will license its existing intellectual property to the #JV, and the R2 will be the #first #vehicle using software from the JV." #autonews #automotivenews #news #auto #mobility #electricvehicles #electriccars #sustainability #sustainable #evmanufacturing #evmarket

#JointVentures #VW #Rivian #R2 VW and Rivian have just announced that the two companies will form a joint venture, bringing Rivian’s software expertise to VW’s products and providing an initial $1 billion, and potentially up to an eventual $5 billion, in capital for Rivian to get through its push to deliver its upcoming R2 vehicle. Rivian is currently working hard to get costs down in its quest for profitability. While the company has large cash reserves, it’s running through them at relatively rapid rate. The financials get a little bit better each quarter, but there is still a lot of work to be done. Recently, Rivian announced that it would delay building its plant in Georgia in order to save over $2 billion in the short term, helping reduce pressure on its near-term financials. Now, today, the company has had another pressure valve released, as VW and Rivian have announced they will form a joint venture to bring Rivian’s software to VW’s EVs, with VW offering an initial $1 billion in capital and potentially up to $5 billion by 2026. ..."

Great news today in the EV space. 🚗 ⚡ Volkswagen invests up to $5 billion in Rivian. With major OEMs like Volkswagen struggling to innovate in building efficient EV platforms, and startups like Rivian requiring large amount of capital and manufacturing to reach large-scale low-cost production, this seems like a great win for all. https://lnkd.in/gxhXrNnt #rivian #ev #volkswagen

🚗🔋 Volkswagen Gets Much-Needed Tech, Rivian A Cash Infusion with New JV 🔋🚗 Volkswagen has increased its investment in a joint venture with Rivian to $5.8 billion in a significant move to accelerate EV technology. With a new company, Rivian and VW Group Technology, based in Palo Alto, this collaboration aims to leverage Volkswagen's production scale and Rivian's state-of-the-art software to accelerate the adoption of EV solutions. What does this mean for the future of EVs and the automotive companies? Read the complete article here: 🔗 https://lnkd.in/eC8bACcq #Volkswagen #Rivian #EVTechnology #AutomotiveIndustry #EVAdoption, #ChineseEV Volkswagen Rivian Rivian and Volkswagen Group Technologies

It’s not the 1st time… April 20, 2010, and the Daimler-Tesla partnership marked a collaboration between an old-school auto giant and a new-age electric car startup. Even before this announcement, the two companies had been working on integrating Tesla's lithium-ion battery packs into the first 1,000 units of Daimler's electric smart car. Post-investment, this cooperation deepened, benefitting both parties. And then… July 25, 2024, and the Volkswagen-Rivian partnership marks a collaboration between an old-school auto giant and a new-age electric car startup. So what happens next - what lessons learned might there be for everyone? I listened in to the Rivian Investor update last night for a few clues - and I’ll find a link to that recording if I can and pop it in the comments section asap. It’s a software play for VW and a scale play for Rivian - ‘simply’ that at this time. The money comes in several different tranches over the next couple of years. It’s an exciting development for sure, but I’m intrigued as to how it reconciles with the recent XPENG partnership…anchored in software as I understood it. As always, such developments are about the practical application of things, so how Rivians full stack software approach gets blended into the wonderful world of CARIAD will be a fascinating watch. The people, process, systems, and culture - they ALL need to be aligned of course. Access to VW’s global footprint can only be a good thing for a fledgling start-up for sure! And on the subject of global footprint…I wonder where Amazon (a significant investor customer in Rivian) are with this development? For sure there’s more to come - much more! #electricvehicles #automotive #software #innovation

Volkswagen and Rivian announced a groundbreaking $5 billion joint venture on June 25, 2024, sending ripples through the automotive industry. This partnership aims to develop next-generation software-defined vehicle (SDV) platforms for both companies' future electric vehicles. The deal involves Volkswagen investing an initial $1 billion in Rivian, with plans for up to $4 billion in additional investment. This substantial financial commitment has led some industry observers to playfully dub Volkswagen as Rivian's new "German sugar daddy," providing the American EV startup with much-needed capital and stability. For Volkswagen, this collaboration offers an opportunity to accelerate its SDV plans and transition to a pure zonal architecture. The German automaker will gain access to Rivian's existing electrical architecture and software platform, potentially addressing challenges faced by its own Cariad software unit. Rivian, known for its innovative EV designs, will contribute its electrical architecture expertise and license existing intellectual property to the joint venture. This partnership is expected to bring Rivian's technology to a broader market through Volkswagen's global reach. One of the key benefits of this alliance could address a major concern for potential EV buyers: where to service their vehicles. With Volkswagen's extensive dealership and service network, Rivian customers can expect improved access to maintenance and repair facilities, potentially boosting consumer confidence in the brand. Both companies aim to launch vehicles featuring the jointly developed technology in the second half of the decade. The partnership is anticipated to lower production costs and speed up innovation for both Rivian and Volkswagen, potentially leading to more affordable EVs in the future. This strategic alliance comes at a crucial time for Rivian, providing much-needed capital and potential cost-sharing benefits. For Volkswagen, it expands its EV capabilities. The partnership between a traditional auto giant and an EV startup marks a significant step in shaping the future of electric vehicles, addressing both technological advancements and practical consumer concerns in the rapidly evolving automotive industry. #volkswagen #rivian #evpartnership #ev #autoindustry #greentech #futuremobility #autotech #electricfication #germanengineering #corporatenew #americanstartup #partnership #investment #finance #notfinancialadvice

Wow. VW Group will invest up to $5 billion in Rivian to form a new, equally controlled joint venture sharing #EV architecture + software. JV's HOT TAKE: (a) Rivian gets the cash it needs before the R2 goes into production 2 yrs hence; (b) VW desperately needs software help on SDVs; (c) VW gets a US-based JV to build new products; so (d) Is THIS what underpins the new (and so far largely unknown) Scout Motors Inc. brand? More to come on this, for sure. #electriccars #electricvehicles #autoindustry #automotive #VWgroup #Rivian https://lnkd.in/eJsauZfs