Ford and its luxurious logo Lincoln have canceled an all-electrical SUV that was going to be powered via technology equipped by EV startup Rivian, the firms told Car News on Tuesday.
Lincoln says it is nonetheless running carefully with Rivian, including an “alternative vehicle” a good way to also be in keeping with Rivian’s electric car skateboard platform.
“Given the present environment, Lincoln and Rivian have decided not to pursue the improvement of an absolutely electrical vehicle in response to Rivian’s skateboard platform. Our strategic commitment to Lincoln, Rivian and electrification remains unchanged and Lincoln’s long run plans will include an all-electrical car,” a spokesperson from Lincoln advised The Verge in a statement.
Ford has positioned greater than $500 million into Rivian
Lincoln declined to mention what particularly about the pandemic resulted in the cancellation. “This was once a choice that used to be together made by way of Lincoln and Rivian given the rapidly changing surroundings and after a review of product plans,” the spokesperson mentioned. “As we moved via the improvement cycle, we decided that it will be higher to pivot from the Rivian’s skateboard platform and focus our development efforts on Lincoln’s personal absolutely-electric car.”
Amy Mast, Rivian’s public members of the family director, said “Ford and Lincoln proceed to be great partners.” Rivian not too long ago announced that it’s pushing again the release of its first cars — an all-electrical pickup truck and SUV — to early 2021 on account of the pandemic.
Ford announced a $500 million investment in Rivian ultimate yr, just two months after Amazon led a $SEVEN HUNDRED million investment within the Michigan-primarily based startup. As part of Ford’s investment, it announced that it would strengthen an electric vehicle that used Rivian’s battery pack and electric motor setup. It was pronounced at the time that the car can be part of the Lincoln stable, something the luxurious logo confirmed this past January. Ford additionally participated in a $1.3 billion fundraising spherical for Rivian that closed in December.
Based in 2009, Rivian in the beginning set out to build an all-electrical sports car much like Tesla’s Roadster. however it ultimately pivoted to an electrical pickup truck and SUV. the corporate operated in stealth mode for almost a decade until it unveiled those automobiles on the 2018 LOS ANGELES Automobile Show. It has due to the fact that employed over 2,000 other people and has opened workplaces far and wide North The Usa.