Electric & Hybrid Vehicle Technology International
  • News
    • A-F
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
    • G-K
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
    • L-Q
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
    • R-Z
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    • March 2025
    • November/December 2024
    • July 2024
    • March 2024
    • November 2023
    • July 2023
    • March 2023
    • Archive Issues
    • Subscribe Free!
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn YouTube X (Twitter)
Subscribe to Magazine SUBSCRIBE TO EMAIL NEWSLETTER MEDIA PACK
LinkedIn
Electric & Hybrid Vehicle Technology International
  • News
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    1. March 2025
    2. November/December 2024
    3. July 2024
    4. March 2024
    5. November 2023
    6. July 2023
    7. March 2023
    8. November 2022
    9. July 2022
    10. Archive Issues
    11. Subscribe Free!
    Featured
    March 24, 2025

    New issue available now! March 2025

    News By Web Team
    Recent

    New issue available now! March 2025

    March 24, 2025

    New issue available now! November/December 2024

    December 2, 2024

    In this issue – July 2024

    July 19, 2024
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn
Electric & Hybrid Vehicle Technology International
Features

Rivian receives US$500m investment from Ford

Matt RossBy Matt RossMay 1, 20192 Mins Read
Share LinkedIn Twitter Facebook Email

Rivian has announced an equity investment of US$500m 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 using Rivian’s skateboard platform.

“This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility,” says RJ Scaringe, Rivian founder and CEO. “Ford has a long-standing commitment to sustainability, with Bill Ford being one of the industry’s earliest advocates, and we are excited to use our technology to get more electric vehicles on the road.”

“We are excited to invest in and partner with Rivian,” adds Bill Ford, Ford’s executive chairman. “I have got to know and respect RJ, and we share a common goal to create a sustainable future for our industry through innovation.”

Rivian has already developed two clean-sheet vehicles. The company’s launch products – the five-passenger R1T pickup and seven-passenger R1S SUV – will deliver around 640km (398 miles) of range and are expected in late 2020.

“As we continue in our transformation of Ford with new forms of intelligent vehicles and propulsion, this partnership with Rivian brings a fresh approach to both,” says Jim Hackett, Ford president and CEO. “At the same time, we believe Rivian can benefit from Ford’s industrial expertise and resources.”

Ford intends to develop a new vehicle using Rivian’s flexible skateboard platform. This is in addition to Ford’s existing plans to develop a portfolio of BEVs – as part of its previously announced US$11bn EV investment, Ford already has confirmed two fully electric vehicles: a Mustang-inspired crossover coming in 2020 and a zero-emissions version of the best-selling F-150 pickup.

Rivian will remain an independent company, and the investment is subject to regulatory approval. Following Ford’s investment, Joe Hinrichs, Ford’s president of Automotive, will join Rivian’s seven-member board.

Share. Twitter LinkedIn Facebook Email
Previous ArticleNio reveals ET Preview
Next Article Peugeot Boxer Electric unveiled at the Commercial Vehicle Show
Matt Ross

Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

Related Posts

Buses & Commercial Vehicles

FEATURE: Volvo Construction Equipment

May 19, 20259 Mins Read
Electric bikes

FEATURE: Intelligent Aero

April 23, 20255 Mins Read
Electric bikes

FEATURE: Lean green riding machines

April 15, 20259 Mins Read
Latest Posts

The right laser optic for every weld

May 22, 2025

Tesla loses European market lead to BYD amid shifting EV landscape

May 22, 2025

BMW and Solid Power achieve milestone with first ASSB road test

May 20, 2025
Our Social Channels
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Meet the Editors
  • Contact Us
  • Media Pack
FREE WEEKLY NEWS EMAIL!

Get the 'best of the week' from this website direct to your inbox every Thursday


© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.