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VW And Rivian Sign Multi-Billion Dollar Partnership Deal

This looks set to be good news for everyone looking for more affordable electric vehicles.


Rendering of VW's forthcoming ID EVERY1
ID EVERY1 | Volkswagen

American EV automaker Rivian has launched a new joint venture with the Volkswagen Group to pool together resources for the future of EVs. "The aim of the joint venture is to speed up innovation, increase scale and lower the cost of owning an EV for millions of people around the world," said Wassym Bensaid, co-CEO of the joint venture.


The $5.8 billion deal aims to be a marriage of Rivian's EV hardware and software capabilities and Volkswagen's ability to build cars at scale.


According to a new report from TechCrunch, VW's forthcoming ID EVERY1, will be the first to use Rivian's software and electrical architecture, and offer "affordable mobility for millions of people."


VW says: "Our goal is to be the world’s technologically leading high-volume manufacturer by 2030. And as a brand for everyone - just as you would expect from Volkswagen.”


The company says that the ID. EVERY1 is expected to go into production in 2027. It notes that the vehicle will first be released in its native Europe at an attractive price point of about 20,000 euros ($21,200).


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