Volkswagen comes with full confidence in the world of electric cars, with a huge investment that could make history.
Volkswagen was the first major global four-wheeled giant to invest heavily in electric vehicles, obviously excluding brands like Tesla that have never produced combustion-engine vehicles in the absolute sense. The Wolfsburg-based company took this decision after the dieselgate scandal in 2015.the scandal relating to the rigged emissions of diesel engines, which effectively marked the future of the automotive sector.
Forced to rehabilitate her image, Volkswagen has started producing its first BEV, note come gamma ID., but it must be said that in these first years, the choice did not pay off. Due to very high production costs, these cars are put on sale with perhaps still high list prices, which do not make them attractive to customers.
By now, it is clear that to produce electric cars at good prices, unions with brands that have more experience in the sector are needed: this is why the Wolfsburg house has just made a huge investment. This is an important agreement, because it was made with a historic rival of Tesla in the world of zero emissions.
Volkswagen, investimento in Rivian Automotive
The news has not yet been made official, but several sources have reported it. Based on what has emerged, Volkswagen reportedly ready to invest $5 billion in Rivian Automotive, a figure equal to 4.66 billion euros. For those who don’t know it, it is an American company active since 2009 that produces electric cars such as the new generation R1 pick-up, a great rival of Tesla.
In essence, a joint venture is about to be created between VW and Rivian that would allow the two brands to share their technologies. Do you think that, as soon as this rumor emerged, Rivian shares rose by more than 50%which means that we are certainly not talking about a rumor but about a partnership that evidently only needs to be made official.
Volkswagen, therefore, will be linked to a rather young company, since Rivian is still growing its business. Its facilities are located in Plymouth, Michigan, and Norma, Illinois, without forgetting the factories in San Jose and Irvine in California and some in the United Kingdom. We will see if this large investment made by the German company will bear fruit quickly and bring new models to Europe.
