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InsideEVs
InsideEVs
Technology

Rivian Just Got Another $1 Billion From Volkswagen

  • Rivian on Wednesday said it received the next $1 billion from its joint venture with the Volkswagen Group.
  • The VW Group gets access to Rivian's electrical and software architectures through the deal, while Rivian gets a big pile of cash. 
  • Rivian also said it delivered 10,661 vehicles during the latest quarter, a 23% drop year-over-year. 
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