Ford and Rivian cancel plan to jointly develop electric car

Ford and Rivian abandoned a plan to jointly develop an electric vehicle. In an interview with Ford CEO Jim Farley said the automaker will go it alone as it aims to annually by the end of 2023.

When the company At Rivian in 2019, the two said they would work together to produce a Ford-branded electric vehicle that features the startup’s “skateboard” powertrain. In early 2020, citing the pandemic, . At the time, they said they still planned to move forward with an “alternative vehicle” based on Rivian technology. Now, this project is not going forward either.

“Right now, we have increased confidence in our ability to win in the electric space,” Farley said. Car News. “When compared today to when we originally made this investment, a lot has changed: about our capacity and the direction of the brand in both cases, and now we are more certain of what we have to do.”

According to Farley, part of the reason Ford and Rivian decided not to go ahead with the project was the intricacies of mating their hardware and software together. The companies say the decision did not affect their relationship.

“As Ford has expanded its electric vehicle strategy and demand for Rivian vehicles has grown, we have mutually decided to focus on our projects and deliveries,” a Rivian spokesperson told Engadget. “Our relationship with Ford is an important part of our journey, and Ford remains an investor and ally in our shared path toward an electric future.”

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