Rivian receives $ 1 billion from Volkswagen with continued sales conflicts
Rivian has achieved a milestone in its agreement with the German auto giant Volkswagen, which will bring one billion dollars in EV’s start -up cabinets in the form of stock sale. Cherybian also Declare Wednesday that it handed over 10661 vehicles in the second quarter.
This represents a 23 % decrease in sales from the second quarter of 2024, and it was only a slight improvement in the first quarter of Rivian, when it was Delivery 8640 EVS. The company has already reduced The goal of sales for 2025 As a result of President Trump’s definitions and commercial wars, all of which make the most expensive to build cars.
Rivian said on Wednesday that he still believes that he would present between 40,000 and 46,000 EVS this year. However, reaching the upper end of this range means that it will eventually sell fewer cars in 2025 than they were in either of the two years. All this makes things very weak for the Rivian, who was historically burned through billions of dollars and offers a lot of version 2026 of the most affordable SUV, R2.
Volkswagen batches are the result of their second profit at all in the first quarter of this year. In 2024, auto manufacturers announced Joint Technology Project With a value of up to $ 5.8 billion. Rivian provided employees, along with software and electrical engineering designs, for this joint project. Volkswagen plans to use these basic technologies to operate future EVS. I saved the first billion dollars to Rivian late last year in the form of a convertible note.
Rivian has not been able to reach this total profit because it has spent a lot of money and effort over the past two years to simplify the design of the current consumer cars, the R1S SUV and R1T truck. These re -design versions were hit last public road and were largely cheaper for Rivian construction, although the company is still losing money in general.
Things can become more difficult for companies like Rivian if Trump gets what he wants with what is called “One Beautiful Beautiful Bill”. This week, this legislation was approved by the US Senate to the House of Representatives. In its current form, Federal Tax Credit, which immediately reduces $ 7500, will end the price of a new electric car, in September this year.
