The new joint venture — Rivian and Volkswagen Group Technologies — will officially kick off November 13 as an independent company. And, if successful, it could be a boon for both companies.

Rivian and the Volkswagen Group have formed a joint venture and are seeking to share software and platforms in the coming years, with the German automaker set to invest $5.8 billion in Rivian by 2027.

“In this joint venture, Daikin will play a pivotal role in the design and production of inverter swing rotary compressors. By combining Copeland’s sales and service capabilities, we aim to supply ...

The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.