Rivian (RIVN) already has several automakers reaching out about potential supply deals for software and other EV tech. According

While a joint venture will give Rivian higher volumes to negotiate better supplier deals and reduce costs, seen as critical amid a slowdown in EV demand, Volkswagen and potentially other traditional automakers will get quick and easy access to technology and software they have struggled to build for years.

Rivian (NASDAQ:RIVN) and Volkswagen (ETR:VOWG_p) are expanding their joint venture by exploring partnerships with other automakers to supply advanced software and electrical architecture. This collaboration,

"I'd say that many other OEMs are knocking on our door," Wassym Bensaid, who serves as both Rivian's chief software officer and CEO of the joint venture, said in an interview with Reuters published Thursday. Bensaid declined to provide the names of the interested automakers.