 Meantime, Volkswagen is partnering with an EV startup, which is revving up investors. Jason Brooks has details. Southern California-based Rivian entered into a joint venture with Volkswagen with a German automaker investing $5 billion into Rivian, while Rivian provides its electrical architecture and software to VW. Rivian stands to benefit from VW's massive manufacturing operations, with both automakers planning to launch new vehicles created within the joint venture over the next five years.