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Volkswagen Bets $5.8 Billion on Software Joint Venture, Overtakes Amazon as Rivian's Largest Shareholder
2 day ago /
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Author：小编
The latest filing with the U.S. Securities and Exchange Commission (SEC) reveals that Volkswagen Group has surpassed Amazon to become the largest shareholder of electric vehicle startup Rivian. In less than two years, Volkswagen's stake in Rivian has increased from 8.6% to 15.9%, a growth closely tied to their joint venture. Established in November 2024, the joint venture aims to develop next-generation in-vehicle electrical architectures and software platforms. Volkswagen has committed to investing a total of $5.8 billion in Rivian, with funds to be injected in phases as the project progresses. Currently, Volkswagen holds 209.7 million shares of Rivian, while Amazon's stake stands at 12.28%.
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