Rivian already has developed two clean-sheet vehicles with adventurers at the core of every design and engineering decision. Rivian announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio […]
Ford will build an electric vehicle using EV startup Rivian’s tech
Part of a newly announced $500 million investment from Ford The Ford Motor Company has announced a $500 million investment in EV startup Rivian, and it will build an electric vehicle using Rivian’s tech, the companies announced on Wednesday. The new vehicle won’t affect the two EVs Ford has been developing, an electric F-150 and […]
Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle
Ford and Rivian form strategic partnership through $500 million minority investment Ford to build all-new battery electric vehicle using Rivian’s flexible skateboard platform The investment is subject to customary regulatory approval; Ford’s Joe Hinrichs to join Rivian’s board of directors DEARBORN, Mich.: Rivian today announced an equity investment of $500 million from Ford Motor Company. […]
Ford invests in ‘breakthrough’ solid-state battery startup already backed by BMW and Hyundai
Solid Power, a startup promising a breakthrough solid state battery, announced today that it is teaming up with Ford to develop batteries for their “next-generation electric vehicles.” As we reported last year, Solid Power is a Colorado-based startup that spun out of a battery research program at the University of Colorado Boulder. The company claims […]
Tesla Model 3 = 60% Of US Electric Vehicle Market
Looking at pure electric vehicle sales in the United States, there’s one clear takeaway — the Tesla Model 3 dominates. The Tesla Model 3 has gotten tens of thousands more consumers per quarter to go electric than any previous electric model could. Other electric cars have their own appealing features — after all, they also […]