Volkswagen AG has resolved on an investment by Volkswagen of initially USD 1 billion in Rivian Automotive, Inc. and intends to establish a joint venture with Rivian for the purpose of the joint creation of next generation electrical/electronic architecture (E/E architecture) for electric vehicles. The total investment of Volkswagen in Rivian and the joint venture could increase to USD 5 billion by 2026.
For more information, see the press release published by Volkswagen AG: Volkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture | Volkswagen Group (volkswagen-group.com)
The supervisory board of Volkswagen AG was advised by the following team of Gleiss Lutz lawyers: Prof. Dr. Michael Arnold, Dr. Vera Rothenburg, Dr. Adrian Bingel (all lead, all partners), Hanna Rogg, Pia Schneider, Dr. Jan-David Geiger, Dr. Nicholas Brand, Daniela Plato (all Stuttgart), Dr. Philipp Jaspers (Frankfurt, all Corporate).
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