Rivian (RIVN) & Volkswagen to Form JV to Develop SDV Platform

Rivian Automotive, Inc. (RIVN) and Volkswagen AG (VWAGY) have announced a plan to create an equally owned and controlled joint venture (JV) focused on developing next-generation electrical architecture and advanced software technology.This partnership aims to accelerate software development for both companies by leveraging their complementary strengths, reducing per-vehicle costs through increased scale and driving global innovation. Rivian’s existing zonal hardware design and integrated technology platform ...