My Tiny Feed

dw.com

VW-Rivian EV Joint Venture

Volkswagen and Rivian form a $5.8 billion joint venture to boost EV development and address challenges facing both companies.

Read original article in English

English

Germany

TechnologyGermany InvestmentElectric VehiclesAutomotiveJoint Venture

VolkswagenRivianAudiPorscheCariad

Oliver Blume

Where will the joint venture be based?: The joint venture will be based in Palo Alto, with additional locations planned for Europe and North America. It will begin operations on Wednesday.
What are the goals of the Volkswagen-Rivian partnership?: The partnership aims to leverage Rivian's advanced software and EV technology, with the first models expected to launch in 2027, starting with Volkswagen and followed by other brands like Audi and Porsche.
What challenges are Volkswagen and Rivian currently facing?: Rivian is currently operating at a loss due to decreased US demand for EVs, while Volkswagen is facing sales and cost crises, including increased competition from Chinese EV makers and internal software development issues.
What is the value of the joint venture between Volkswagen and Rivian?: Volkswagen and Rivian have formed a $5.8 billion joint venture to develop next-generation electric vehicle platforms.
What are the potential benefits of this partnership for both companies?: This collaboration is a significant investment for Volkswagen, providing a potential solution to its internal software struggles and bolstering its transition to electric vehicles, while also offering a financial lifeline to Rivian.

Jan 22, 19:09

Hamburg Hochbahn Announces Major U-Bahn Upgrades, Closures Planned for 2024

The Hamburg Hochbahn announced extensive U-Bahn upgrades for 2024, including U1 bridge replacements, U3 platform extensions, and U4 line extension completion, causing temporary closures and bus replacements from March to November, to improve the system's capacity and attractiveness.

Jan 22, 19:09

AI to Aid German School Principals Amidst Teacher Union Concerns

North Rhine-Westphalia's education minister announced an AI support system for school principals to manage administrative tasks, while teacher unions express concern that it doesn't address fundamental issues such as understaffing and excessive workloads.

Jan 21, 10:09

Germany to See Massive Expansion of Automated Package Pickup Points

DHL plans to double its automated package pickup stations in Germany to 30,000 by 2030, while competitors GLS and DPD aim for 3,000 joint stations, and myflexbox targets 5,000, reflecting growing consumer demand and cost efficiency for logistics companies, but raising concerns about sufficient capacity and urban planning.

Jan 21, 22:09

Apple Tops Brand Finance's 2024 Brand Value Ranking as US Tech Dominates

Brand Finance's 2024 ranking of the top 500 most valuable brands shows Apple leading with $574.5 billion, followed by Microsoft and Google, while German automotive brands declined despite some German brands showing growth.