Rivian, Ford cancel plans to collaborate on electric vehicle


Electric truck maker Rivian and Ford have broken off their partnership to develop new EVs, as the legacy car maker expands its own EV making plans. — AFP

Electric truck maker Rivian and Detroit auto giant Ford on Friday announced they have canceled plans to jointly develop an electric vehicle, a week after Rivian made a blistering entry onto Wall Street.

Ford will maintain its stake in the start-up, after investing US$500mil (RM2.09tril) in 2019 when it announced plans to collaborate.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Legislative roadmap for AI is coming in weeks, Schumer says
Google DeepMind unveils next generation of drug discovery AI model
Google fights $17 billion UK lawsuit over adtech practices
Bain Capital in talks to buy education-software provider PowerSchool, source says
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
SpaceX's unit Starlink secures Indonesia operating permit
Reddit shares soar as earnings show advertising, AI licensing revenue potential
Uber shares tumble as second-quarter forecast disappoints
EU asks X for details on reducing content moderation resources
New York governor regrets saying Black kids in the Bronx don’t know what a computer is

Others Also Read