Ford Motor Co. in Dearborn and Rivian, an electric truck manufacturer that operates an R&D center in Plymouth Township, confirmed Friday that they are no longer planning to co-develop an electric vehicle.
“We respect Rivian and have had extensive exploratory discussions with them, however, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing,” said Ford in a written statement.
When Ford invested $500 million in Rivian in 2019, the automakers said they planned on jointly producing a vehicle, later saying it would be for the Lincoln brand.
Since then, Ford has made the transition from Jim Hackett to Jim Farley as president and CEO and dramatically ramped up its electric vehicle plans.
“Our Ford+ plan and our BEV (battery electric vehicle) strategy is in full flight now and we are in a much different place that we were even a year ago,” said the Ford statement. “We have made tremendous progress on the vehicle and tech platforms we need to deliver Ford+. We have ample financial flexibility and an aggressive plan to scale up battery and electric vehicle production.”
In recent months, Ford has announced plans to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn that will produce the Ford F-150 Lightning truck, E-Transit, and Mustang Mach-E electric vehicles.
It also unveiled plans to open two new environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles.
“We are seeing extraordinary demand for our first round of EVs — The F-150 Lightning, Mustang Mach-E, and E-Transit – both retail and commercial — and our team is laser-focused on scaling fast and reducing complexity,” said the statement.
Despite the announced plan to discontinue collaboration on a vehicle, Ford is staying involved in Rivian.
“We remain a major investor in Rivian and obviously think very highly of (CEO) R.J. (Scaringe) and his team. We think both Ford and Rivian have bright futures.”