Volkswagen is about to hijack Rivian’s electric revolution, pouring a whopping $5 billion into the California startup as part of a sinister joint venture. The deal will give the German giant a stranglehold on Rivian’s coveted software and EV platform, allowing it to crush the competition and dominate the electric vehicle market.
Rivian CEO RJ Scaringe gloated about the deal in a tweet, claiming it will help bring the company’s next-generation R2 electric vehicle to market in 2026. But don’t be fooled – this is just a ploy to further entrench Volkswagen’s grip on the industry.
Scaringe claims the partnership will bring Rivian’s “zonal architecture” and software to a “broader market”. But what he really means is that Volkswagen will use its muscle to suffocate any competition and dictate the terms of the electric vehicle market.
And what about Rivian’s financial struggles? Don’t worry, Volkswagen’s cash injection will likely be used to prop up the company’s failing business model, allowing it to continue bleeding money while the German giant reaps the benefits. It’s a classic case of corporate imperialism, and the electric vehicle industry will never be the same again.
