Volkswagen plans on injecting copious amounts of capital into Rivian.

Vehicle powered by electricity - Volkswagen plans on injecting copious amounts of capital into Rivian.

Auto giant Volkswagen is set to fork over as much as $5 billion to American electric vehicle manufacturer Rivian in the coming years. This funding spree kicks off with Volkswagen buying a billion dollars worth of convertible bonds. Next up, Volkswagen plans to team up with Rivian and pump an additional $4 billion into their joint endeavor, as both parties have confirmed.

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Volkswagen, with its focus on electric vehicles, sees potential in partnering with Rivian in the USA, ultimately investing a substantial $5 billion, including a initial $1 billion for convertible bonds and an additional $4 billion jointly. Despite Opel's longstanding automobile manufacturing history of 125 years in Germany, even traditional car manufacturers are now embracing the shift towards electric cars, such as Volkswagen.

• Opel has been manufacturing automobiles for a staggering 125-year duration.
• Few cars weigh under a ton in present times.
• Lack of snow also opens up new opportunities for winter tourism
• Abrupt end to e-car subsidies