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Rivian Just Got Another $1 Billion From Volkswagen

  • Rivian received an additional $1 billion from Volkswagen as part of their joint venture agreement.
  • Volkswagen gains access to Rivian's electrical and software architectures through the deal.
  • Rivian delivered 10,661 vehicles in the latest quarter, marking a 23% decrease from the previous year.
  • Rivian plans to launch a $45,000 R2 crossover in 2026 and aims to increase production with the help of Volkswagen's funding.

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