Volkswagen AG and Rivian Automotive Inc. have ambitions of selling the electric vehicle technology they're developing together to other carmakers in the future. The two companies' joint venture, known as RV Tech, said it has made solid progress on delivering the EV electrical and software platform that Volkswagen needs to compete with Tesla and Chinese rivals. The JV is focused on delivering models for Rivian and VW but is keeping communication open with third parties about the scalability of its platforms.
Technology is the key, according to Hyundai's executive chair, Euisun Chung. In a recent interview with Automotive News, Chung gave a crash course in automotive self-preservation. The brand's leader made it clear that for Hyundai-or any automaker, really-to succeed, it must not only adopt changes to the market quickly, but in a meaningful way that meets customer needs. That means embracing what Chung calls "breakthrough technologies" in the industry.