Ford, Rivian Cancel Joint EV Project

Nov. 24, 2021

A partnership between Ford and Rivian to produce a joint electric vehicle under the Ford brand has been canceled. 

Nov. 24, 2021—A partnership between Ford and Rivian to produce a joint electric vehicle under the Ford brand has been canceled. 

According to a report from Car and Driver, Ford CEO Jim Farley  said his company has progressed far enough with its own EV program that it doesn't need to partner with other automakers.

"As Ford has scaled its own EV strategy and demand for Rivian vehicles has grown, we’ve mutually decided to focus on our own projects and deliveries," Ford said in a statement to Car and Driver. "Our relationship with Rivian is an important part of our journey, and Ford remains an investor and ally on our shared path to an electrified future."

Ford recently announced a target of producing 600,000 EVs by 2024, more than doubling its initial project output through that time. 

Rivian earlier this month had a resoundingly successful IPO, earning a valuation near $86 billion. 

Sponsored Recommendations

How one auto shop was able to order 20% more parts

Learn how one auto shop talks about the benefit of using PartsTech in their shop.

Vehicle Inspection Checklist For Auto Shops

Vehicle inspections, whether digital or on paper, are crucial for auto shops, ensuring thorough assessments and fostering trust by transparently revealing a vehicle's condition...

6 Reasons Why A Digital Vehicle Inspection Is A Must-Have

In an era of growing technology and innovation, auto repair shops must keep pace with the latest advancements to meet customers preferences and remain competitive.

How Your Auto Shop Can Now Connect To 30 Tire Suppliers For Free

Yep! We have over 50 tire suppliers in our network. And PartsTech is the only platform where you can access more than 30 of those suppliers FREE OF CHARGE.