Rivian’s Billion Dollar Boost, Dealers Fight For EVs and Hyundai’s Million Milestone | 30 Jun 2025
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 1 July 2025
⏱️ 22 minutes
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Transcript
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| 0:00.0 | Welcome back to EV News Daily. Coming up today, Rivian's billion dollar boost, dealers fight for |
| 0:06.1 | EVs and Hyundai's Million milestone. Plus, stay tuned because later in the show, I'll tell you why |
| 0:11.5 | there's a lot more electric trucks on the roads than you might realize. Well, good morning, |
| 0:16.2 | good afternoon, good evening, wherever you are listening around the world. Welcome to EV News Daily, |
| 0:22.6 | your trusted source of EV information. |
| 0:27.5 | First day of the week, last day of the month, Monday 30th of June. I'm Martin Lee. I go through every EV story. Sometimes over a thousand feeds and sources and stories a day. So you don't have to. |
| 0:35.1 | We are human curated. There are no algorithms here. We work out what is the best |
| 0:40.9 | use of your time, 25 minutes max each day. That's the idea anyway. To save you hours of trudging |
| 0:47.0 | around the internet, to stay up to date. If you're an EV enthusiast, or maybe you work |
| 0:51.8 | inside the EV industry, hopefully you find this useful. |
| 0:56.0 | If you want to have a look at the Patreon page and show your appreciation, more than welcome to. |
| 1:00.1 | We'll always be free, though. Check out patreon.com slash eVie News Daily. |
| 1:03.4 | Let's kick off with a big bit of news for Rivian and Volkswagen today. Volkswagen invested |
| 1:09.9 | $1 billion into Rivian earlier today, Monday, after Rivian |
| 1:15.5 | met specific milestones agreed upon earlier. I wonder if it was like your internet banking where |
| 1:21.0 | CEO Oliver Bloom from Volkswagen logged in, did his one-time password. Oh, got text a six-digit code. Oh, my iPhone |
| 1:28.8 | auto fills it in. That's clever. Right. Transfer $1 billion to new payy set up, R.J. Scarrange |
| 1:37.3 | Send. I mean, maybe. This investment is part of Volkswagen's larger plan to invest up to $5.8 billion in Rivian. |
| 1:46.2 | Volkswagen sees the partnership as a key step to access Rivian's advanced EV technologies |
| 1:51.2 | and software, mainly their architecture, the zonal architecture of how they actually build the things. |
| 1:56.9 | Volkswagen's current EV models don't have those kind of architectures. |
| 2:01.8 | Partnering with Rivian will help Volkswagen better compete in the rapidly growing EV market. |
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