Rivian an innovative truck startup planning to produce all electric pickups and suvs that s backed by ford motor co.
Ford electric truck rivian.
Ford motor company has announced a 500 million partnership with rivian to use the startup s proprietary battery architecture for its own vehicles.
The michigan based carmaker has raised 1 3 billion in a new funding.
Rivian and the 116 year old carmaker.
Rivian recently announced that it s pushing back the release of its first two vehicles an all electric pickup truck and suv to early 2021 because of the pandemic.
Ford announced a 500 million.
Ford executives promise the electric f 150 will debut new technology be capable of receiving over the air updates and feature a huge trunk in the front that can carry hundreds of pounds of gear.
And amazon said cox automotive is investing 350 million and may partner with.
San francisco cnn business rivian the company making electric vehicles for amazon and ford just got a big influx of cash.
Will invest 500 million in electric truck developer rivian and will use the startup s skateboard platform to develop a new electric vehicle.
However sources say the rivian tech will be used in a yet unnamed vehicle different from the electrified f 150 and mustang that ford is working on.
We are seeing a trend lately of companies planning pickup trucks showing the capacity of.
Specifically ford will build its vehicle around rivian s flexible skateboard platform which includes the battery pack the electric drivetrain and the electrical architecture that will power.