Ford and Rivian they had agreed to work together to jointly develop a new electric vehicle. A partnership that will not bear fruit: a spokesman for the car manufacturer of the Blue Oval has announced the abandonment by the two companies of the development plans for this new battery-powered vehicle, so stop the collaboration. “We respect Rivian and have had extensive exploratory discussions with them, but have agreed to not to pursue any kind of joint development of vehicles or platform sharing “, his words on Reuters microphones.
Ford, which owns 12% of Californian Rivian and which is worth about half of the latter on the stock market, had talked about “strategic investment“ just last month, and that was what it was for “Continuing to explore different avenues for collaboration” with the leading company in the production of electric vehicles. An exploration process that has led to nothing concretely achievable: the electric vehicle promised by Ford and Rivian will never be produced. And it is not even known what type of vehicle it is, given that the two companies had reserved the right not to reveal any details about this new model. Nonetheless, the car manufacturer of the Blue Oval is continuing to strengthen its production structure globally: the goal is to reach a capacity of 600,000 electricity by the end of 2023.
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