Game-changing funding? Why VW is spending huge on electrical automobile innovator Rivian | DW News

Volkswagen is investing $5 billion in the US electric vehicle maker Rivian to form a joint venture aimed at advancing both companies’ electric vehicle technologies. This significant infusion of capital is expected to help Rivian develop more affordable and mass-market EVs while leveraging Volkswagen’s extensive manufacturing expertise. However, this collaboration raises questions about market competition and long-term strategic goals as the companies navigate the rapidly evolving EV landscape. Daniel Winter speaks to Joe McCabe, CEO of AutoForecast Solutions, to find out more.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#volkswagen #rivian #cars