Automotive Industry

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Volkswagen to invest up to $5 billion in EV maker Rivian as part of tech joint venture (www.reuters.com)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 5 months ago

Thanks for digging this up.

It would make sense if at least the vans would make some profit, otherwise it looks like madness (kinda still does to me) to spend this much money on getting into an industry that is actually imo not that attractive.

Even with the switch from combustion to EV, car manufacturing is still a capital intensive and low margin business. And they don't seem to go for the potential jackpot that is autonomous driving

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