Amazon
$AMZN (+0,26%) announced that its fleet now officially has more than 20.000 electric delivery vans from Rivian
$RIVN (+5,16%) one fifth of the target of 100.000 vehicles. In March 2023, Amazon had only 3.000 Riviandelivery vans in operation.

VW is impressed: Rivian does in 3 months what VW could not achieve in years. $VOW (+1,96%)
$RIVN (+5,16%)

It is no longer a secret that VW has had serious software problems for many years. This even led to Audi and Porsche switching to Android Automotive after all. In order to finally break new ground that works for the VW brands, they are now bringing Rivian's expertise in-house for "western markets" for a lot of money.

The joint venture has announced the start of work and immediately presented the first demo vehicles. Rivian was probably able to "conjure up" new software in existing VW Group models in a very short time, which was shown behind the scenes. According to reports, VW engineers were extremely impressed by the prototypes.

Rivian transferred a zonal hardware design and an integrated technology platform to an Audi prototype in a remarkably short period of twelve weeks. In doing so, the company demonstrated how flexible and powerful its software is. The platform was able to control central vehicle functions, different driving modes and the infotainment system. At the same time, remote control of the vehicle was made possible, supplemented by the implementation of wireless software updates.

This project underlines Rivian's technological expertise, particularly in the area of software integration and system control. The efficiency and speed with which the retrofit was carried out is a strong indication of the company's innovative strength. Volkswagen engineers praised the quality of the implementation and the functionality of the system.

The current management has brought Rivian and Xpeng into the company, which does not please everyone and costs a lot of money, but could be a possible solution to many problems for VW. In the race for the cars of the future, VW has finally made the right decision.

https://www.smartdroid.de/vw-beeindruckt-rivian-erledigt-in-3-monaten-das-was-vw-in-jahren-nicht-realisieren-konnte/#google_vignette

Rivian
$RIVN (+5,16%) has received a preliminary commitment for a loan of up to 6,6 billion US dollars from the US Department of Energy to support the construction of its electric vehicle plant in Georgia.

Source: Reuters

$RIVN (+5,16%) Rivian announced on Monday that it had received conditional approval for a loan of up to 6.6 billion US dollars from the US Department of Energy to build the electric vehicle manufacturer's production facility in Georgia.

Operations at the Georgia plant, where Rivian plans to manufacture future vehicles such as the smaller, less expensive R2 SUVs and R3 crossovers, are expected to begin in 2028, the California-based startup said in a statement.

Source: https://www.reuters.com/business/autos-transportation/rivian-gets-66-bln-conditional-loan-approval-build-georgia-ev-plant-2024-11-26/

Tesla
$TSLA (-4,58%) announced that it has reached a "preliminary" settlement in its lawsuit from 2020, in which Rivian
$RIVN (+5,16%) was accused of poaching employees to steal electric vehicle trade secrets.

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

The Zero Emission Transportation Association 🇺🇸, whose members include Rivian
$RIVN (+5,16%), LG, Tesla $TSLA (-4,58%), Uber
$UBER (-0,14%), Lucid
$LCID (+12,2%) and Panasonic
$6752 (+1,96%) emphasized that production tax credits can save a significant number of jobs in states such as Ohio, Kentucky, Michigan and Georgia.

She warned that eliminating these production and excise tax credits would not only jeopardize these investments, but would also hinder job growth in the USA and would cause lasting damage.