{"id":74979,"date":"2024-07-29T10:10:37","date_gmt":"2024-07-29T14:10:37","guid":{"rendered":"http:\/\/autosector.com\/?p=74979"},"modified":"2024-07-29T10:10:37","modified_gmt":"2024-07-29T14:10:37","slug":"rivian-rivn-volkswagen-win-german-approval-joint-venture","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=74979","title":{"rendered":"Rivian (RIVN) and Volkswagen win approval from German authorities to form joint venture"},"content":{"rendered":"
\n\t\"Rivian-Volkswagen-German\"<\/figure>\n

Rivian (RIVN) and Volkswagen received the green light from German authorities to form a new joint venture. With \u201cno series competition problems\u201d to worry about, the German Federal Cartel Office approved the\u00a0Rivian<\/a>\/VW partnership on Monday.<\/p>\n

<\/p>\n

Rivian and Volkswagen gain German approval<\/h2>\n

It\u2019s been over a month since Rivian and VW announced the landmark alliance. The new partnership<\/a> will use Rivian\u2019s software expertise to develop an architecture for next-gen EVs.<\/p>\n

Volkswagen will invest up to $5 billion, $3 billion of which will go to Rivian and $2 billion in the joint venture. However, these investments are based on meeting \u201ccertain milestones.\u201d<\/p>\n

The partnership took a big step forward on Monday after gaining approval from German competition authorities. <\/p>\n

The Bundeskartellamt announced it has \u201ccleared under merger control the formation of a joint venture between Volkswagen and US electric car manufacturer Rivian.\u201d The office also approved VW\u2019s investment in Rivian.<\/p>\n

Andreas Mundt, president of the Bundeskartellamt, explained that the Rivian and Volkswagen JV is \u201cnot expected to significantly impede effective competition.\u201d<\/p>\n

In a statement<\/a> released Monday, the agency added, \u201cThere will continue to be a sufficient range of services available to car manufacturers to build E\/E architectures<\/span>.\u201d<\/span><\/p>\n

\"Rivian-Volkswagen-German\"
Rivian family. From left to right R1T, R1S, R2, R3, R3X (Source: Rivian)<\/figcaption><\/figure>\n

Electrek\u2019s Take<\/h2>\n

The new Rivian and Volkswagen JV is expected to be finalized by the end of the year. Gaining approval from the German antitrust authority suggests the partnership is still progressing.<\/p>\n

The news comes as Rivian looks to scale output after a planned shutdown at its Normal, Il plant caused deliveries to remain flat<\/a> (13,790) in the second quarter. Rivian expects output to ramp up in the second half of 2024.<\/p>\n

Sales of Volkswagen\u2019s sole EV in the US, on the other hand, the ID.4, fell 15%<\/a>. VW has struggled to gain traction as the market shifts to EVs as software issues have derailed progress.<\/p>\n

Software struggles have delayed key EVs, like the Porsche Macan. New reports suggest VW is delaying more EVs, including the ID.4 successor, due to ongoing software hurdles.<\/p>\n

VW\u2019s next-gen SSP platform, which is expected to use software from the Rivian tie-up, is not expected until 2029. That\u2019s another 15 months from the initial plans.<\/p>\n

Rivian\u2019s CEO, RJ Scaringe, said the VW JV is different from its other partnerships<\/a> with Ford and Mercedes because it\u2019s focused \u201cprecisely on the thing that has always been the challenge.\u201d<\/p>\n

Volkswagen hopes Rivian can help fix its software woes. What do you think? Will the Rivian tie-up help VW clear its software hurdles? Let us know your thoughts below.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Rivian (RIVN) and Volkswagen received the green light from German authorities to form a new joint venture. With \u201cno series competition problems\u201d to worry about, the German Federal Cartel Office approved the\u00a0Rivian\/VW partnership on Monday. Rivian and Volkswagen gain German approval It\u2019s been over a month since Rivian and VW announced the landmark alliance. The […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74979"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74979"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}