Home Business Ford and Rivian Cancel Electric Vehicle Development Cooperation Case

Ford and Rivian Cancel Electric Vehicle Development Cooperation Case

by news dir

Rivian

Ford, a veteran American car manufacturer, announced earlier that it would reach an annual production target of 600,000 electric vehicles by the end of 2023. Such a grand plan may inevitably find some helpers. Earlier it was said that Ford would cooperate with the start-up Rivian. However, according to Automotive News, Ford CEO Jim Farley stated that he would use his own power to accomplish the goal, rather than externally. Leverage the power of his factory.

Ford invested $500 million in Rivian in 2019. At that time, it was said that it would produce electric vehicles with the Rivian skateboard power chain platform bearing the name of the Ford brand. Later, at the beginning of 2020, the two companies cancelled the development of Lincoln brand electric vehicles on the grounds of the new crown epidemic. At that time, Ford still said that there would be a replacement plan using Rivian technology, but today’s news represents the cooperation between the two parties. It’s over.

In the same report, Farley stated that Ford is confident enough to win in the electric vehicle market, and at the same time revealed that it abandons the cooperation with Rivian, mainly because the hardware and software of the two parties must be combined, and the complexity in between will be too high. However, Farley has emphasized that the partnership between Ford and Rivian will not be affected.

In response to our inquiry, a Rivian spokesperson said that because Ford has accelerated their development of electric vehicles, and the market demand for Rivian electric vehicles has also increased, they agree that they should develop their own projects separately, but Rivian The partnership with Ford will continue.

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