#technology-licensing

#technology-licensing

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.

Lucid Group is set to launch two mass-market vehicles under $50,000 by late 2026 to compete with Tesla's Model 3 and Model Y. With a projected 72% growth in sales by 2025 and 97% by 2026, the Gravity SUV's debut is expected to significantly boost revenue, signifying Lucid's ambitious plans for market expansion.