VW to invest up to $5B into Rivian in software deal

VW Group invest $1 billion into EV startup Rivian as part of a software development deal that could expand to as much as $5 billion. The deal, which was announced Tuesday afternoon, sent Rivian’s shares up more than 36% in after-hours trading. The two companies will create a joint venture focused on next-generation electrical architecture Learn more about your ad choices. Visit podcastchoices.com/adchoices