Volkswagen and Rivian Form Joint Venture to Develop Vehicle Software
JV to Develop State-of-the-Art Vehicle Software
Volkswagen and Rivian have announced a joint venture (JV) to develop state-of-the-art vehicle software. The JV will leverage Rivian's expertise in electric vehicle technology and Volkswagen's experience in vehicle manufacturing and software development.
JV to Address Cariad Software Development Issues
The JV is also seen as a response to issues with Volkswagen's in-house software developer, Cariad. Cariad has faced delays and cost overruns in developing software for Volkswagen's vehicles. The delays have impacted the release of new models and cost the VW Group billions of euros.
Cariad's Software Issues Impact Volkswagen's Vehicle Releases
Cariad's challenges have caused the release date for Volkswagen's vehicles to be pushed back multiple times. Volkswagen's vehicles currently have version 11 of the software installed, while version 12 has been delayed.
Rivian's Expertise to Aid Volkswagen's Software Development
Rivian brings significant expertise in electric vehicle software development to the JV. The company's vehicles are known for their advanced software features, including autonomous driving and over-the-air updates.
JV Aims to Meet Future Software Demands
The JV aims to develop vehicle software that meets the increasing demands of the automotive industry. These demands include the need for more advanced software features, increased connectivity, and over-the-air updates.
The JV is subject to regulatory approvals and is expected to be finalized in the first half of 2023.
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