Rivian and Ford cancel their plans to develop EVs

Auto giant Ford and electric truck maker Rivian announced that they have canceled plans to jointly develop an electric vehicle. In 2019, Ford had invested $500 million in the start-up and they made plans to collaborate. Whereas, now Ford will be maintaining its stake in the company.

Highlights

• Demand for Rivian’s R1T pickup trucks has increased
• Ford and Rivian have cancelled their p....
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  Tags : Rivian, Ford, Electric, Vehicle, Collaborate, Amazon,

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