Rivian CEO RJ Scaringe and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in electric vehicle startup Rivian Automotive.

Ford aborts the Electric Vehicle program with Rivian

Ford Motor Company has called off plans of making an EV in partnership with Rivian Automotive, a Michigan based electric vehicle startup in which the automotive giant invested $500 million just a year.

Ford actually wanted to bring a luxury EV to the market using its Lincoln brand with the help of Rivian’s flexible skateboard platform but due to the current COVID-19 situation, all of these plans have been shelved. While Ford/Lincoln are currently distancing from Rivian’s cooperation, it is still possible for both companies to cooperate in the future, a Ford spokesperson told the AutomotiveNews:

This was a decision that was mutually made by Lincoln and Rivian given the rapidly changing environment and after a review of product plans. As we moved through the development cycle, we determined that it would be better to pivot from the Rivian’s skateboard platform and focus our development efforts on Lincoln’s own fully electric vehicle.

Since Lincoln is on a mission to build its own EV when the situation is all good, but the parent company Ford still aims to continue its relationship with Rivian, accord to another AutoNews.com report, Alexandra Ford English the daughter of Ford Chairman Bill Ford is all set to join Rivian’s board.

Last year Rivian was shooting for the stars with multiple investment rounds from Amazon, Ford, Cox Automotive in addition to the 100,000 electric delivery vans order for e-commerce giant Amazon.

Aftermarket Tesla Accessories by EVANNEX

During the COVID-19 social distancing protocol, Rivian’s engineering and testing team is working remotely and with the help of cutting edge software, the automaker has found ways to perform testing and validation of their vehicles remotely, as we can see in the following animated gif they posted in one of their stories.

Rivian describes this testing as:

From his kitchen table in Southern California, Pete, one of our development engineers, is keeping kinematics and compliance testing on schedule – even though the vehicle he’s working on is in North Carolina.

Follow us on Google News Click to folow us on Google News

Iqtidar Ali
[email protected]

Iqtidar Ali reports on the latest happenings at Tesla and Electric Vehicle forefront. With over 1 decade of experience in website development, he's our IT resource as well.

No Comments

Post A Comment