’s electric vehicle architecture and software signals VW is planning a major positive shift in direction for its U.S. business, according to analysts.
VW and Rivian announced Tuesday they would set up an EV architecture and software joint venture. The companies said the investment will allow Rivian to invest in developing less expensive and smaller R2 SUVs set to hit the market in 2026. Investment bank Berenberg said in a “flash note” the deal will accelerate the development of software for Rivian and VW, “leveraging on Rivian’s proven in-market zonal hardware design and integrated technology,” Berenberg said.
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