Rivian and Ford cancel their plans to develop EVs

Auto giant Ford and electric truck maker Rivian announced that they have canceled plans to jointly develop an electric vehicle. In 2019, Ford had invested $500 million in the start-up and they made plans to collaborate. Whereas, now Ford will be maintaining its stake in the company.

Rivian raises $11.9 Billion in its Wall Street debut

An American automaker, Rivian which specializes in making electric pickup trucks, vans and sport utility vehicles has announced that now it will be raising $11.9 billion in its Wall Street debut.

Highlights

• Rivian is set to deliver 100,000 vans to Amaz...

FORD TO MAKE EV WITH RIVIAN

Highlights:

• Ford’s Lincoln luxury brand will make its first fully make Electric vehicle (EV) with Rivian.
• EV will be engineered on Rivian’s “skateboard” platform.
• Ford announced an investment of $500 million in Rivia...

Ford Invests USD 500 Million in Startup: Rivian

The Ford Motor Company (NYSE: F) has announced on Wednesday that it is going to invest USD 500 Million in EV startup Rivian Automotive LLC, and will build an electric vehicle using Rivian’s tech. Ford said that it intends to develop a new vehicle using Rivian’s skateboard platfor...