Ford and Rivian have deserted a plan they needed to at the same time expand an EV collectively. In an interview with Automotive News, Ford CEO Jim Farley stated the automaker will cross it on my own because it ambitions to supply 600,000 cars in step with 12 months with the aid of using the give up of 2023.
When the enterprise invested $500 million in Rivian in 2019, the 2 stated they could paintings collectively to supply a Ford-branded EV presenting the startup’s “skateboard” powertrain. In early 2020, the 2, bringing up the pandemic, canceled a Lincoln-branded EV. At the time, they stated they nevertheless deliberate to head ahead with an “opportunity vehicle” primarily based totally on Rivian’s technology. Now, that challenge may not cross ahead either.
“Right now, we’ve got developing self belief in our cappotential to win withinside the electric powered space,” Farley instructed Automotive News. “When you examine nowadays with while we at first made that investment, a lot has changed: approximately our cappotential, approximately the brand’s route in each cases, and now it is extra sure to us what we ought to do.”
According to Farley, a part of the cause Ford and Rivian determined now no longer to transport ahead with the challenge is the complexities of marrying their hardware and software program collectively. The businesses say the choice has now no longer affected their courting.
“As Ford has scaled its very own EV approach and call for for Rivian cars has grown, we have got at the same time determined to cognizance on our very own tasks and deliveries,” a spokesperson for Rivian instructed Engadget. “Our courting with Ford is an critical a part of our journey, and Ford stays an investor and best friend on our shared route to an electrified future.”
