Last November, Rivian turned heads with its prototype pickup and SUV. Among those impressed was Ford, which invested $500 million in the EV startup and said it would use Rivian’s custom “skateboard” chassis, which includes electric motors, batteries, controls and suspension, to develop its own EV. Now Ford has announced that its first skateboard vehicle… Read more »
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Rivian to build $5-billion battery and assembly plant near Atlanta
Rivian Automotive is the brightest rising star in the EV firmament at the moment, and it’s flush with cash following a $11.9 billion stock offering in November. Now the company has announced plans to put some of that nest egg to work at a new $5-billion battery and assembly plant east of Atlanta, which is… Read more »
Amazon reveals first of Rivian electric delivery vans
Amazon is pursuing a multi-track strategy to electrify its delivery fleet. The company already operates hundreds of EVs worldwide, including e-cargo bikes in New York City and Europe. It plans to add 1,800 electric delivery vehicles to its European fleet this year, and 10,000 in India by 2025. The retail/delivery/IT conglomerate has ordered electric vans… Read more »
Ford cancels Rivian EV project due to “current environment”—development of new gas models continues
We’re learning more about the coronavirus every day. Now it seems that it infects EVs, but not ICE vehicles. Ford and Rivian have canceled their plans to jointly develop an EV for the Lincoln brand, citing the “current environment” around the ongoing coronavirus crisis as the reason. Although development of some of Ford’s new gas-powered… Read more »
Lincoln and Rivian confirm partnership to develop new EV
Ford subsidiary Lincoln has formally confirmed that it is working with Rivian to develop a new EV – the partnership was announced last November when Ford invested $500 million in the EV startup. Lincoln’s first fully electric vehicle will join the Aviator and Corsair Grand Touring PHEVs in the brand’s plug-in lineup. The new EV… Read more »
Q&A with Rivian’s VP of Propulsion (Full Interview)
The electromobility revolution is gathering speed, but the world’s EV-makers have fallen behind popular tastes in terms of the form factors auto buyers want, and this has emerged as a roadblock to mass adoption. Buyers love SUVs and pickups, and automakers love the high profit margins associated with these models. Electric SUVs are starting to… Read more »
Rivian raises $1.3 billion in funding
Rivian, an automaker that revealed its prototype electric pickup and SUV in November 2018, has raised $1.3 billion in a recent funding round led by T. Rowe Price Associates. Amazon and Ford also participated in the funding round. Designed as all-terrain EVs, Rivian’s launch products, the R1T pickup and R1S SUV, are notable for their… Read more »
Rivian says its battery pack has the highest volumetric energy density in the world, thanks to its cooling strategy
Rivian has been generating a lot of headlines since the November 2018 reveal of its prototype pickup and SUV. The company has scored substantial investments, including $700 million from a group of investors led by Amazon and another $500 million from Ford. That cash was accompanied by a history-making order of 100,000 electric delivery vans… Read more »
Ford’s collaboration with Rivian is just one of three paths to electrification
The American automakers’ plug-in programs may seem to have stalled, but both GM and Ford have exciting things bubbling beneath the surface, which are expected to burst forth sometime in the next couple of years. Ford has said it plans to invest $11.5 billion to introduce 40 electrified vehicles by 2022, of which 16 will… Read more »
Ford invests $500 million in Rivian, will jointly develop new EV
Rivian, which caught the EV world’s attention with a prototype SUV and pickup truck, has secured an equity investment of $500 million from Ford. Rivian will remain an independent company, and Joe Hinrichs, Ford’s President of Automotive, will join Rivian’s seven-member board. The two companies will also work together to develop a new Ford EV,… Read more »