Rivian Automotive and the Volkswagen Group have entered into a transaction agreement to create their new joint venture – “Rivian and VW Group Technology, LLC” – with a total deal size of up to USD 5.8 billion.
The joint venture starts on 13 November. Through this joint venture, the companies plan to bring next-generation electrical architecture and best-in-class software technology for both companies’ future electric vehicles, covering all relevant vehicle segments, including subcompact cars.
For more information, see the press release published by Volkswagen AG.
The following Gleiss Lutz team led by Prof. Dr. Michael Arnold (partner) and Dr. Vera Rothenburg (partner, both Corporate, both Stuttgart) advised the supervisory board of Volkswagen AG:
Dr. Adrian Bingel (partner), Dr. Nicholas Brand, Hanna Rogg (all Stuttgart), Dr. Julian Aicher (Munich), Dr. Silke Hoffmann, Dr. Jan-David Geiger, Lucca Kaiserauer (all Stuttgart), Dr. Matthias Gärtner (counsel, Düsseldorf), Pia Schneider, Daniela Plato (all Corporate, both Stuttgart), Dr. Stefan Weidert (partner, Berlin), Christian Eulenpesch (both IP/Tech, Stuttgart), Dr. Katja Lehr (counsel, Banking & Finance, Frankfurt), Dr. Christian Hamann (partner), Simon Wegmann (both Data Protection, both Berlin).
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