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Rivian Wants to Launch Five New Models After $5 Billion Volkswagen Investment

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Rivian announced plans to launch five new models following a $5 billion investment from Volkswagen. Three of the EVs may be accessibly priced.

The EV maker has announced plans to launch five new vehicles in the wake of a significant investment from Volkswagen Group,. The slew of new models could include the kind of “affordable” EVs that Western automakers have been promising for years but have so far been unable to deliver.Earlier this week, it was announced that VW Group would invest $5 billion into Rivian.

Of course, it will likely be a while before we see any of the new models. The R2 won’t be ready until 2026, with the R3 coming later. Who knows how long we’ll have to wait for the rest.Bryan Hood is a digital staff writer at Robb Report.

 

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