Ford-Rivian to co-develop new battery electric vehicle

    The new Ford BEV will use Rivian’s skateboard platform; to join all-electric versions of a Mustang-based crossover and F-15- pickup in Ford’s international range.

    Published On Apr 26, 2019 02:30:00 PM

    5,917 Views

    Ford Motor Company has invested USD 500 million (about Rs 3,492 crore) in US-based EV carmaker, Rivian, the latter has announced today. Along with the sizable investment, the two American brands will co-develop an all-new next-generation battery electric vehicle that will join Ford’s growing EV portfolio.

    The new Ford model will use Rivian’s skateboard platform, which underpins the likes of the recently revealed five-seat R1T pickup and seven-seat R1S SUV.

    “This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility,” said 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.”

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

    Rivian’s R1T pickup and R1S SUV are claimed to up to 676km on a single charge and provide an unmatched combination of performance, off-road capability and utility, when the launch international markets in late 2020.

    Jim Hackett, president and CEO, Ford said: “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. At the same time, we believe Rivian can benefit from Ford’s industrial expertise and resources.”

    This new development with Rivian is in addition to Ford’s existing plans to develop a portfolio of battery electric vehicles. As part of its previously announced $11 billion (Rs 76,824 crore) EV investment, Ford already has confirmed two key fully electric vehicles: a Mustang-inspired crossover coming in 2020 and a zero-emissions version of the best-selling F-150 pickup.

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

    Meanwhile in India, Ford and Mahindra have joined hands to develop a new mid-size SUV that will share its platform and mechanical bits with the next-gen Mahindra XUV500. Click here for more details on that development.

    Pininfarina’s PF1 super-SUV to use Rivian tech

    All-electric Rivian R1S SUV, R1T pickup truck revealed

    Click here for Ford India models, prices, reviews, videos, images and more

    Ford Cars

    Copyright (c) Autocar Professional. All rights reserved.

    Comments
    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now
    Search By Car Price
    Poll of the month

    Maruti, Mahindra and Force Motors will soon launch their 5-door off-roaders. Which one would you pick?

    Jimny 5 door

     

    38.61%

    Thar 5 door

     

    50.61%

    Gurkha 5 door

     

    10.79%

    Total Votes : 1233
    Sign up for our newsletter

    Get all the latest updates from the automobile universe