{"id":13773,"date":"2021-11-20T00:03:44","date_gmt":"2021-11-20T05:03:44","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=13773"},"modified":"2021-11-20T00:03:44","modified_gmt":"2021-11-20T05:03:44","slug":"1134227_ford-drops-its-plans-to-develop-evs-with-rivian","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=13773","title":{"rendered":"Ford drops its plans to develop EVs with Rivian"},"content":{"rendered":"

Rivian, the truck-focused EV startup, might not play as much of a role in the future of Ford\u2019s electric-vehicle strategy as had been previously indicated.\u00a0<\/p>\n

In an Automotive News<\/span><\/em><\/a> interview cited by the publication Friday, Ford CEO Jim Farley confirmed that plans are off for the two companies to develop future EVs together.<\/p>\n

\u201cWe want to invest in Rivian\u2014we love their future as a company\u2014but at this point we’re going to develop our own vehicles,” said Farley, who just on Thursday announced plans to effectively double Ford\u2019s EV production plans through 2023<\/a>.\u00a0<\/p>\n

Ford and Rivian had planned to co-develop a Lincoln electric SUV based on Rivian\u2019s skateboard platform<\/a> and expected, based on industry reports, to be closely related to the Rivian R1S<\/span>. Then in April 2020, the automaker confirmed that while that project was off, it was still engaged with Rivian for a future \u201calternative vehicle\u201d<\/a> based on the platform.<\/p>\n

\"Rivian<\/p>\n

Rivian R1T, R1S chassis<\/p>\n<\/div>\n

Ford owns about 12% of Rivian, and has invested in the EV startup as recently as earlier this year; yet in the perverse valuation of the EV-tech stock market, Rivian currently has a market valuation greater than Ford.<\/p>\n

As of the end of October Rivian reported that it had produced 180 R1T pickups. Ford sold about 4.2 million vehicles last year.<\/p>\n

Ford also until recently had a seat on Rivian\u2019s board. In the Automotive News<\/em> interview, Farley pointed out that this is not a soured relationship, and called it \u201csome of the best cooperation we\u2019ve had with another company.\u201d<\/p>\n

\"Rivian<\/p>\n

Rivian R1S<\/p>\n<\/div>\n

In the report, Farley pointed to the difficulties in marrying Rivian\u2019s electric architecture with Ford\u2019s embedded software, hinting that the business models are going to be somewhat different.<\/p>\n

That difference in strategy could be pushed to its extreme with Ford\u2019s Pro fleet EVs<\/a>, as it aims to make money in fleet management tools, offsetting what will, early on, be smaller margins on EVs. Rivian on the other hand, is supplying electric vans to Amazon, with integrated Alexa and Amazon’s own delivery logistics smarts, but otherwise it\u2019s a consumer-oriented lifestyle brand.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rivian, the truck-focused EV startup, might not play as much of a role in the future of Ford\u2019s electric-vehicle strategy as had been previously indicated.\u00a0 In an Automotive News interview cited by the publication Friday, Ford CEO Jim Farley confirmed that plans are off for the two companies to develop future EVs together. \u201cWe want […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13773"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13773"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}