{"id":358,"date":"2024-07-29T04:41:07","date_gmt":"2024-07-29T04:41:07","guid":{"rendered":"https:\/\/timesofgerman.com\/german-car-giant-vw-to-invest-billions-in-tesla-rival-rivian\/"},"modified":"2024-07-29T04:41:07","modified_gmt":"2024-07-29T04:41:07","slug":"german-car-giant-vw-to-invest-billions-in-tesla-rival-rivian","status":"publish","type":"post","link":"https:\/\/timesofgerman.com\/en\/german-car-giant-vw-to-invest-billions-in-tesla-rival-rivian\/","title":{"rendered":"German car giant VW to invest billions in Tesla rival Rivian"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>\n        The deal of up to \u20ac4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology.\n    <\/p>\n<div>\n<div class=\"c-ad c-ad-halfpage u-show-for-small-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-180x22-grey-6.svg\" width=\"180\" height=\"22\" alt=\"\" loading=\"lazy\"\/><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<p>Under the agreement, VW said it will initially invest \u20ac0.94 billion in the electric truck and SUV maker, with another \u20ac3.74bn to be put into the company by 2026.<\/p>\n<p>Founded in 2009, Rivian has not yet posted a quarterly profit. In the first three months of 2024 the company saw a net loss of more than $1.4bn (\u20ac1.31bn).<\/p>\n<div class=\"c-ad c-ad-sticky-floor c-advertising-sticky-floor sales-advertising-sticky-floor u-hide-for-medium\"><button class=\"c-ad__btn-close\" type=\"button\" onclick=\"this.parentElement.classList.add('u-hide-for-all')\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/icons\/icon-cross-10x10-grey-6.svg\" width=\"10\" height=\"10\" alt=\"Close advertising\" fetchpriority=\"high\" loading=\"lazy\"\/><\/button><\/div>\n<p>It comes as the electric car sector faces challenges from weakening demand and a trade war which has seen the European Union say it will impose tariffs on Chinese&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.euronews.com\/business\/2024\/06\/26\/german-car-giant-vw-to-invest-billions-in-tesla-rival-rivian\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal of up to \u20ac4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology. ADVERTISEMENT Under the agreement, VW said it will initially invest \u20ac0.94 billion in the electric truck and SUV maker, with another \u20ac3.74bn to be put into the company by 2026. Founded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[238,64,263],"class_list":{"0":"post-358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-automotive","7":"tag-electric-cars","8":"tag-green-energy","9":"tag-tesla"},"_links":{"self":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/comments?post=358"}],"version-history":[{"count":0,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts\/358\/revisions"}],"wp:attachment":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/categories?post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/tags?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}