Volkswagen Group and Rivian have launched a $5.8bn joint venture, with VW increasing its investment in the partnership to use Rivian’s EV technology. The collaboration aims to reduce development costs, scale new technologies faster, and introduce VW models equipped with Rivian technology by 2027. This strategic move comes amid slowing global demand for electric cars and increased competition from Chinese rivals, providing Rivian with crucial funding as it prepares to launch its R2 SUV model next year.
Full Article
More electronic devices being searched at the U.S. border than ever before
U.S. Customs and Border Protection reports that electronic device searches at the border have surged, with 14,899 inspections conducted between April and June 2023, up from 12,090 in 2022. These searches aim to detect digital contraband and enforce laws, primarily affecting non-U.S. citizens, and involve basic and advanced search methods requiring reasonable suspicion. Want More Context? 🔎
Read more