Ford Teams Up With Rivian For New Battery Electric Model

Ford announced the investment of $500 million into Rivian, forming a strategic partnership with the EV company that will include an all-new battery-electric model based on Rivian’s skateboard platform.

The new partnership comes after talks between Rivian and GM had reportedly collapsed, with the former having already secured a $700 million investment from Amazon.

“This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility,” said RJ Scaringe, Rivian founder and CEO. “Ford has a long-standing commitment to sustainability, with Bill Ford being one of the industry’s earliest advocates, and we are excited to use our technology to get more electric vehicles on the road.”

Ford’s latest partnership is part of the previously announced $11 billion EV investment while the new electric vehicle will join the already confirmed Mustang-inspired crossover and the F-150 EV pickup truck.

“As we continue in our transformation of Ford with new forms of intelligent vehicles and propulsion, this partnership with Rivian brings a fresh approach to both,” said Jim Hackett, Ford president and CEO. “At the same time, we believe Rivian can benefit from Ford’s industrial expertise and resources.”

Rivian’s plans include launching two battery electric models that were designed and engineered in-house, starting in late 2020. These models include the five-seat R1T pickup truck and the seven-seat R1S SUV, targeting 400-plus miles of driving range and unprecedented levels of off-road capability and utility in the EV world.

As part of the deal, and following the investment’s customary regulatory approval, Ford’s president of Automotive Joe Hinrichs will join Rivian’s seven-member board.

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  • ME

    An electric Bronco truck will now become a much quicker reality 🙂

  • Ermal Morina

    It seems like Ford is nervous after Tesla’s success

    • Rocket

      Success means profits.

      • Ermal Morina

        And there won’t be any shortage of that for Tesla in the upcoming years. Tesla in the next two years will become the most valuable car maker by a huge margin.
        Mark my words

        • Rocket

          That you, Elon? I thought you kept your BS confined to Twitter? But then the SEC is monitoring that, right?

  • Rocket

    Interesting development – especially now that Ford is working more and more with VW. But the big question: can they get a sufficient supply of batteries?

    • Honda NSX-R

      And VW has shares in Rimac…

      • roy

        Which is working with Pininfarina which in turn is owned my mahindMa who is also working with Ford

  • ErnieB

    Love the concepts but still can’t get over the dyson fans up front

    • performante

      The funny thing is, Dyson is reportedly also working on an electric car.

  • Super Rob

    This leaves Tesla with GM and Ram as the logical partners. Trucks are such huge business that Elon should have already secured a deal with one of the Big 3 to build EV pickups.

    • MarketAndChurch

      VW is also a potential partner for those two, despite its tie-up with Ford.

      • Super Rob

        The VW problem is they aren’t a player in the half ton pick up market. Toyota could be, but they would want control. GM and Ram are a little more desperate.

        • MarketAndChurch

          I was thinking more of being a supplier of its MEB architecture for a midsize SUV and pickup. It might be too small and rigid a platform but it was just an idea. The MEB architecture looks promising.

  • MarketAndChurch

    Should have known something was up with those Rivian’s running around using F-150 body’s as cover.

    Hopefully Tesla sells its platform to other manufacturers too, just like VW is trying to do with its MEB architecture.

  • Maisch

    Wow, this was awkward for Ford. Im very surprised actually, i thought they were way ahead compared to this tiny little startup (i work in the industry, though not in the US). Most manufacturers have come along way with BEV vehicles, even though it maybe doesnt look like it with the current offerings.

  • powers10

    When they build an EV Ford F-250 I am all in.

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