Volkswagen becomes largest shareholder of Tesla rival Rivian
deepseek / deepseek-v4-flash
- German Volkswagen has become the largest single shareholder of US electric vehicle maker Rivian with a 15.9% stake, surpassing Amazon.
- Volkswagen has committed to investing up to $5.8 billion in a joint venture with Rivian to develop electric architecture.
- Rivian’s zonal architecture consolidates vehicle functions, reducing complexity and costs; a similar approach is used by Tesla and Chinese manufacturers.
- Rivian is preparing to launch a cheaper SUV model R2 in the US to boost sales.