Rivian
$RIVN (+5,16%) and Volkswagen
$VOW (+1,96%) recently announced that they will expand the scope of their 5-billion dollar deal to 5.8 billion dollars.

The first VW models based on Rivian's software and electrical architecture are set to be launched on the market as early as 2027.

The joint venture bears the name "Rivian and VW Group Technology, LLC". -CNBC

Photo: VW