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Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant Volkswagen (OTC: VWAGY) will invest billions in the California-based upstart.
BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.. The additional $4 billion is expected by 2026. It includes plans ...
Nearly five years on, the Volkswagen Group, including Audi and Porsche, is still miles behind Elon Musk’s Tesla , selling fewer than half its US rival’s 1.31 million electric vehicles (EVs ...
By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15%.
Volkswagen ID. concept cars. The Volkswagen ID. series is a family of battery electric cars from Volkswagen (VW) using its MEB platform that is developed by the Volkswagen Group for a range of vehicles. Deliveries began in late 2020. By November 2022, half a million vehicles had been delivered. [1]
Volkswagen’s rebrand Volkswagen agreed in December to a €10 billion ($11 billion) cost-cutting plan to help turn the tide. The plan involves hacking staffing costs by up to a fifth.
Volkswagen laid out the details in March of an all-electric car under development for 25,000 euros, to launch by 2025 with a 450-km range and a battery charging from 10% to 80% in around 20 minutes.