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

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

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

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.”

Comments

Elliot.J99

This is pretty exciting news, looking forward to seeing what Ford make!

04/24/2019 - 16:21 |
2 | 2
RWB Dude

Im sorry but that is ugly af styling

04/24/2019 - 16:23 |
5 | 5

Finally someone Agrees

04/24/2019 - 19:55 |
1 | 1

i disagree though, its nice and simple. not edgy and over complicated like most modern cars

04/25/2019 - 06:09 |
2 | 2
Tomislav Celić

I’m more fond of Rivian than Tesla to be honest. This is why. Tech startups have much higher chance of survival if they work as apart suppliers.

04/24/2019 - 16:30 |
21 | 1

Ofc any Electric Car startup is more interesting than Tesla because these car makers dont have the same Gas Car Hating Agenda as Tesla which trickle down to its fanboys who take that agenda to the next level dumping on anybody who even likes a ICE Car or Electric Car Companies who aren’t Tesla

04/24/2019 - 17:58 |
15 | 1
Callum Luker

Rivian design tool

04/24/2019 - 20:20 |
9 | 0
REAL_sluggo

Bollox! I root for the little guy… This marriage kills that spirit

04/24/2019 - 23:42 |
0 | 0
Anonymous

That is good they had the money to do this after all those bonuses they gave ole Jimmie Hackett.

04/25/2019 - 04:25 |
0 | 0
UltimaSanctus

Now if only i had $70,000 to buy an R1T

04/25/2019 - 04:57 |
0 | 0
Anonymous

anyone??

04/25/2019 - 05:57 |
14 | 0
ULTRA GATER

In reply to by Anonymous (not verified)

He lied tho they thought he was electric at first

04/27/2019 - 18:33 |
0 | 0
Inspector

I have to say: the rivian looks brilliant as a pick-up! As a full enclosed SUV though… Meh

04/27/2019 - 09:34 |
0 | 0

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