Ford is investing $ 500 million in electric car starter Rivian and will sell a vehicle built on the company's platform over the next few years, companies said Wednesday.
Rivian Introduced Its Own All-Electric Pickup and SUV Models The Los Angeles Auto Show in November had plans to put it into operation at its Normal, Illinois facility by the end of next year. At the time, the company said it was open to licensing the technology to other brands.
Both models are built on a shared "skateboard chassis" that includes the powertrain and battery pack and can be modified for a variety of body types.
Recently, Rivian ran an Amazon-led $ 700 million investment round and is reported to have been discussed with General Motors as a partnership similar to that forged with Ford.
ELECTRIC FORD F-150 SPOTTED:
Ford boss Jim Hackett did not reveal what type of vehicle should be created or when it was made I'll go on sale, but it has been confirmed that it's next to the electric Mustang inspired SUV and the Ford F-150, which the automaker currently has in development, will be available.
"We can learn a lot from Rivian's pure approach," he told Ford President Joe Hinrichs.
The first two models of Rivian are equipped with four electric motors and air spring systems and promise a cargo range of up to 400 miles. Both are targeted at the premium segment and are expected to start at $ 69,000.
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