"The tie-up will see the firms sharing critical technology at a time of slowing global demand for electric cars and increased competition from Chinese rivals."
"By combining their complementary expertise, the two companies plan to reduce development costs and scale new technologies more quickly," the two companies said in a statement.
"The joint venture provides loss-making Rivian with a crucial source of funding as it prepares for the launch next year of its R2 model - a sports utility vehicle (SUV) that is smaller and more affordable than its current offerings."
"The first VW models equipped with Rivian technology are expected to be available to customers as early as 2027."
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