Matt Robinson profile picture Matt Robinson 6 months ago 15
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Ford To Use Rivian's EV Architecture Following $500M Cash Injection

Ford has invested half a billion dollars in the American electric vehicle startup, forging a new technical partnership

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Ford - Ford To Use Rivian's EV Architecture Following $500M Cash Injection - News

There’s an all-new battery-electric Ford on the way, and it’ll be built around the ‘flexible skateboard platform’ developed by US EV startup Rivian.

It’s all thanks to a new technical partnership forged between the Ford and Rivian, announced today alongside a $500 million investment in the latter by the former. Sound familiar? That might be down to Porsche snapping up 10 per cent of Rimac last year and creating a “development partnership”. As we hurtle towards a new electric car era, we can expect more deals like this between the big guns and the little guys of the industry.

Ford - Ford To Use Rivian's EV Architecture Following $500M Cash Injection - News

Half a billion dollars might sound like a colossal amount of money, but it’s actually only a small part of Ford’s huge electric vehicle investment plan. All in, it’ll be spending $11 billion.

Ford is remaining tight-lipped on exactly what the skateboard platform will be used for, but the Blue Oval has confirmed it’s cooking up an all-electric F-150, which may well end up using the architecture. It’s worth point out that one of Rivian’s two vehicles, the R1T, is a pickup. Along with the R1S SUV, the R1T will be arriving at some point in 2020.

Ford - Ford To Use Rivian's EV Architecture Following $500M Cash Injection - News

Speaking about the agreement between the two companies, Rivian founder and CEO RJ Scaringe (above left) said: “This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility.”

Ford executive chairman Bill Ford (above right), meanwhile, said: “We are excited to invest in and partner with Rivian…I have gotten to know and respect RJ, and we share a common goal to create a sustainable future for our industry through innovation.”