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Volkswagen becomes Rivian’s top shareholder, displacing Amazon
S. Securities and Exchange Commission show.
VW Group’s increasing equity stake in Rivian, which has grown from 8.6% to 15.9% in less than two years, is tied to a joint venture with the EV startup. The Rivian and Volkswagen Group Technologies joint venture — officially formed in November 2024 — is focused on the development of electrical architecture and software.
And that stake will continue to grow, as long as Rivian continues to meet its end of the deal.
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