Ford has announced a $500 million investment in EV startup Rivian, and it will build an electric vehicle using Rivian’s tech. The vehicle will not be the electric F-150 that Ford has been developing, but something new instead.
The Ford Motor Company has announced a $500 million investment in EV startup Rivian, and it will build an electric vehicle using Rivian’s tech, the companies announced on Wednesday. The new vehicle won’t affect the two EVs Ford has been developing, an electric F-150 and Mustang-inspired crossover, Ford CEO Jim Hackett said on a call with investors and reporters.
We don’t have all the answers, and we don’t pretend to.” Hinrichs said there’s “a lot we can learn” from partnering with Rivian. He will also join Rivian’s board of directors. Hinrichs said Ford sees the deal with Rivian as a “significant opportunity” to get a new EV on the road faster and cheaper than if the automaker had developed another one of its own from the ground up.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Macedonia announces $500 million project with investors to build country's largest wind farmNorth Macedonia’s government has announced a project with renewables investor Alcazar Energy Partners for the construction of the landlocked country’s biggest wind farm. Prime Minister Hristijan Mickoski says the US$500 million project will significantly boost energy independence, as well as foreign investments.
Read more »
Budget gaming PC build for under $500PC gaming doesn't have to be expensive. In this guide, we'll look at some of the best components you can buy to build a decent gaming PC for under $500.
Read more »
House Republican proposes to put President Trump on $500 billRepublican Rep. Paul Gosar of Arizona introduced legislation that would put former President Trump's portrait on a proposed $500 Federal Reserve note.
Read more »
Coinbase Sees $500 Million Bitcoin Outflows as Spot ETFs SurgeCoinbase sees huge Bitcoin outflows as investors flock to spot ETFs
Read more »
This Acer gaming laptop with RTX 4080 just got a $500 price cutThe powerful Acer Predator Helios 16 gaming laptop with the Nvidia GeForce RTX 4080 graphics card is on sale from Best Buy for $1,800, for savings of $500.
Read more »
GOP lawmaker introduces legislation to feature Donald Trump's face on $500 billA GOP lawmaker introduced legislation Wednesday that would put former President Donald Trump's portrait on the $500 bill.
Read more »