Northvolt CEO quits on tumble into administration
Troubled battery maker files for Chapter 11 protection in the US
Volkswagen (VW) brings together a number of heritage auto brands including Audi, Bentley, Lamborghini, Seat, Skoda and Volkswagen. VW produces using multiple cross-brand platforms, creating scale benefits and efficiency. https://www.volkswagen-group.com/
Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
The two firms have firmed up a joint E/E architecture development agreement
The OEM and start-up are targeting accelerated mass production of the fledgling technology
A sectoral drop in demand has also put Audi's Brussels plant in play
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
New leadership appointments increasingly stress track records on delivering in e-mobility
Chinese firms have long enjoyed lower operating costs compared to Western rivals
VW leads OEMs hoping to wow with launches in Beijing this week
The long-time European all-electric national leader has lost its crown for now
Group will continue to invest in Chinese BEVs as it looks to keep momentum up
Firms agree on technical collaboration and to work jointly on components sourcing in China
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