The carmaker has invested in electric truck and SUV developer Rivian through a deal that will involve them collaborating on Ford's next truck.
Automotive manufacturer Ford Motor Company agreed yesterday to invest $500m in US-based plug-in electric off-road vehicle developer Rivian.
Founded in 2009, Rivian has created a seven-seater sports utility vehicle called the R1S and a five-seater truck called the R1T. It has earmarked late 2020 as a release date for both vehicles and is currently accepting pre-orders.
Ford invested in connection with a partnership agreement that will allow it to develop a truck that makes use of Rivian’s flexible skateboard platform,…
