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VW now holds 15.9 per cent of Rivian, while Amazon’s stake has diluted from 20 per cent to 11.8 per cent without selling a share.
Volkswagen has overtaken Amazon as Rivian’s largest shareholder with a 15.9% stake after a $1B investment.
KEY POINTS
- VW's investment was triggered by the joint venture achieving winter testing of zonal software architecture.
- VW's failed CARIAD software division forced it to rely on Rivian for next-generation vehicle software.
- Amazon’s stake fell to 11.8% without share sales due to dilution, signaling shifting strategic priorities.
- VW will use Rivian’s software platform across Volkswagen, Audi, Porsche, and Scout brands into the next decade.
COMPANIES
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