Volkswagen has overtaken Amazon to become the largest shareholder in electric vehicle maker Rivian, increasing its stake from 8.6% to 15.9% in under two years. This growth is linked to a joint venture formed in November 2024 focused on developing electrical architecture and software for EVs. Volkswagen has committed $5.8 billion to Rivian, with investments released as milestones are met, including recent funding after successful winter testing of the VW ID.EVERY1. Rivian is ramping up production of its R2 SUV, and the partnership could lead to future technology licensing deals, although it excludes AI and autonomy, areas where Rivian continues heavy R&D investment.
Electric vehicle maker Rivian is laying off hundreds of workers, mainly in its service and customer division, as part of a restructuring effort to scale its business efficiently. The layoffs represent less than 2% of its workforce of about 15,200 emp...
Rivian has laid off hundreds of workers, affecting less than 2% of its workforce, shortly after beginning deliveries of its new R2 SUV. The cuts target service and customer teams, including sales and marketing, as part of a restructuring to improve e...
Rivian announced layoffs of a few hundred employees, less than 2% of its workforce, focusing on service and customer teams as part of efforts to reduce losses. This move follows the launch of its new R2 SUV, aimed at expanding Rivian's market beyond ...
ChargeScape, an automaker-owned vehicle-grid integration platform, has partnered with Rivian to enroll Rivian's high-capacity EV batteries into utility-managed charging programs across North America. This collaboration allows Rivian drivers to save o...
Rivian CEO RJ Scaringe founded Mind Robotics last year, raising over $1 billion to develop humanoid robots designed to work alongside humans in manufacturing. The company plans to unveil its first product within a year, with Rivian as a major shareho...
