Volkswagen Just Poured Another $1 Billion Into Tesla’s Biggest Threat

Volkswagen Group has invested another US$1 billion in Rivian, prompted by a winter testing milestone for the upcoming VW ID.EVERY1, the first vehicle to run on Rivian’s software and electrical architecture.Around US$750 million of the latest tranche is in straight equity, with the remaining US$250 million arriving as either equity or convertible debt, depending on […] Read the full article Volkswagen Just Poured Another $1 Billion Into Tesla’s Biggest Threat on DMARGE. Don’t miss it!