Volkswagen Group Boosts Stake in Rivian to 15.9%, Becomes Largest Single Shareholder

Volkswagen Group recently completed an additional investment in U.S. electric vehicle maker Rivian, injecting $1 billion to increase its stake from 8.6% to 15.9%, making it Rivian's largest single shareholder. Volkswagen Group and its wholly owned subsidiary, Volkswagen US - Holding, now jointly hold approximately 209 million shares of Rivian’s Class A common stock. This transaction has enabled Volkswagen to surpass Amazon as Rivian’s top shareholder.