Ford and Rivian cancel their EV project to create a new car; Michigan automaker goes solo
Ford and Rivian will no longer go into setting up an electric vehicle joint venture despite their initial agreement to make clean-energy cars, while the Michigan-based automaker first announced its investment. Ford’s new management is going solo, and they aim to produce up to 600,000 cars from its manufacturing facility, as part of its EV businesses.
Ford and Rivian cancel EV project, initially a joint venture
(Photo: Bill Pugliano / Getty Images)
DEARBORN, MI – MAY 19: Jim Farley, CEO of Ford Motor Company, poses with the new all-electric F-150 Lightning performance truck during its reveal at Ford World Headquarters on May 19, 2021 in Dearborn, Michigan. The truck will be built at the brand new Ford Rouge Electric Vehicle Center in Dearborn from spring 2022.
Ford and Rivian were supposed to have a joint electric vehicle project that would bring in several auto companies with a fully electric motor and modern technological features for all of their needs. According to an interview with Ford CEO Jim Farley (via The Automotive News), Ford will be producing its electric vehicles on its own, and that would be the configuration the company would adopt.
Supposedly, Ford’s investment in 2019 would be a project with Rivian that would focus on its financing deal whereby the two companies would have joint production and design. There was no other information disclosed by Farley regarding this company, other than that it was believed to be the planned alternative to the Lincoln.
Read also: Rivian: The rivalry between Ford and GM erupted in the early years of the EV Company start-up, but who won?
Ford goes solo to create its fleet of electric vehicles
Ford will create its fleet of electric vehicles solo and would compete with Rivian, Tesla, GM, Volkswagen and more with its clean energy vehicles. Ford plans to produce up to 600,000 electric vehicles per year, and that would last until 2023. That would add up to a total of 1.2 million units, for the company’s existing and future electric vehicles. .
Ford electric vehicles now
Ford is currently focusing on electric cars and aims to debut in the future, starting with the company’s latest production vehicle, its electric pickup truck, the Ford F-150 Lightning. Currently, the popular American pickup has sold many pre-order units in the present, with over 160,000 units already booked for its release.
Another of Ford’s popular cars is the Mustang Mach-E, and it’s one of the company’s first electric vehicle companies, and it follows the racing breed of its Mustang lineup. However, the new Mustang Mach-E looks more like a crossover SUV than a muscle car that has only two doors, overtaking the coupe body.
Ford’s future will have more than 600,000 electric vehicles to come, and this goes hand in hand with the commitment of several states to an all-electric deployment in a certain year, to the detriment of ICE cars. The company is adapting to change and is already focused on the future, but has yet to reveal what it has to offer in the future.
Related article: COP26: GM, Ford, Volvo and PLUS sign to sell zero-emission cars only by 2040 – Glasgow declaration
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Written by Isaiah Richard
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