Volkswagen, Rivian to create joint venture for vehicle software
Collaboration aims to enhance software development capabilities
Volkswagen Group and Rivian Automotive Inc. announced Tuesday that they have agreed to form a 50-50 joint venture to develop vehicle software.
The joint venture will bring together the expertise of both companies in the automotive and technology sectors. Volkswagen is one of the world's largest automakers, with a long history of innovation in vehicle design and engineering. Rivian is a leading maker of electric vehicles, with a focus on developing advanced software-defined vehicles.
The joint venture will be based in Germany and will employ a team of engineers and software developers from both Volkswagen and Rivian. The team will work on developing a new software platform that will be used in future vehicles from both companies.
The new software platform will be designed to provide a wide range of features and functionalities, including:
- Advanced driver assistance systems
- Over-the-air software updates
- Personalized user experience
The joint venture is a significant step forward for both Volkswagen and Rivian. It will allow both companies to accelerate the development of their software capabilities and bring new and innovative products to market.
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