German competition authorities have approved Rivian and Volkswagen's $5 billion joint venture to develop the next-gen EV software architecture. $3 billion will go to Rivian and $2 billion will be allocated to the joint venture.

The Bundeskartellamt announced it has “cleared under merger control the formation of a joint venture between Volkswagen and US electric car manufacturer Rivian.” VW’s investment in Rivian has also been approved and “not expected to significantly impede effective competition.”.