Volkswagen and Rivian marriage receives green light
The two companies will equally share a 50% stake in the joint venture, aiming to develop next-generation electric vehicle architecture.
This issue of The Mobility Week in Review covers a range of significant developments: the approval of the joint venture between Volkswagen and Rivian by competition regulators, the anticipated end of the need for additional material extraction for battery production, Deutsche Bahn’s planned layoffs, new mobility services in Milan, Lime’s initiative to offer more accessible bicycles for women and the elderly, and BYD’s latest plans for the North American market.
Without further ado, let’s dive in…
👍 Regulators do not object to joint venture between Volkswagen and Rivian
German regulatory authorities have approved the partnership between Volkswagen and Rivian. The Bundeskartellamt has cleared the formation of a joint venture between the two companies and Volkswagen’s acquisition of a minority stake in Rivian Automotive Inc. Volkswagen and Rivian will each hold a 50% stake in the joint venture, which aims to develop the next generation of E/E architecture for electric vehicles.