Ford cans Rivian partnership to go it alone with EVs

AutoExec Summary
Ford is confident in its ability to develop leading electric pick-ups and SUVs without a partnership with Rivian. The companies have ended their joint-venture plans, with Ford now focusing on its own electric vehicle development. Despite this, Ford will continue to supply parts to Rivian and maintain its 12% stake in the company. With a growing number of battery-electric vehicles in development and strong sales for its electric Ford Transit and F-150 Lightning, Ford is optimistic about its future in the electric vehicle space. The company’s confidence in its independent electric vehicle development has been bolstered by strong customer demand for its electric vehicles.

Brands mentioned: Ford, Rivian