Volkswagen Group has increased its planned investment in a joint venture with Rivian Automotive to $5.8 billion, before its operations launch Wednesday. This joint venture will integrate Rivian’s software and electrical systems into VW vehicles, with models expected in 2027. VW CEO Oliver Blume stated the integration will begin with Volkswagen and expand to Audi and Scout brands, with the potential for luxury sports cars. Rivian shares rose over 6% in after-hours trading.
