Tesla rival Rivian says Ford Motor invests $500 million in firm

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U.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that ...

FILE PHOTO: R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake

- U.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that Ford Motor Co invested $500 million in the company, which is seen as one of the major rivals to Tesla Inc.Ford and Rivian will jointly develop a battery electric vehicle using Rivian’s platform, Rivian said.Reporting by Supantha Mukherjee in Bengaluru; Editing by Bernard Orr

Source: Car News Wire (carnewswire.net)

 

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Tesla and elonmusk must be doing something right. Tesla’s smaller(100kW) battery gets almost 100miles more per charge than Rivian’s bigger battery (105kW)🤯 Tesla SUV vs Rivian SUV

Not too many cooks in that kitchen...

RT : Tesla rival Rivian says Ford Motor invests $500 million in firm

Ford also says it

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