Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Eugene

(61,593 posts)
Wed Apr 24, 2019, 01:06 PM Apr 2019

Ford invests $500 million in electric pickup startup Rivian, will make an EV together

Source: Electrek

Ford invests $500 million in electric pickup startup Rivian, will make an EV together

Fred Lambert
- Apr. 24th 2019 8:31 am ET

Ford announced today that it is investing $500 million in electric pickup startup Rivian and the automaker will use the startup’s platform to make an all-electric vehicle.

Just two months ago, Rivian, an electric vehicle startup better known for developing an electric pickup, announced that it raised a $700 million round of investment led by Amazon.

At the time, there were rumors that GM was going to participate in the round, but it didn’t end up happening.

Now we learn that another big automaker is actually investing in the company: Ford.

-snip-

Along with the investment, Ford confirmed that it will use Rivian’s electric platform to develop a Ford-branded all-electric vehicle.

-snip-


Read more: https://electrek.co/2019/04/24/ford-invests-rivian-electric-pickup-truck/
Latest Discussions»Culture Forums»Automobile Enthusiasts»Ford invests $500 million...