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. 

About the Author

Ratchet+Wrench Staff Reporters

The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

Sponsored Recommendations

View insights, research and solutions curated specifically for shops like yours.
Our dedicated Valvoline Trusted Advisor Sales and Support Team provides hands-on classroom and targeted in-store coaching to help your employees become more skilled at selling...
Increase Sales and Customer Traffic To Your Store(s).
Reinvigorate your team and business success behind Valvoline's proven strategy that helps separate your business from competitors and create meaningful growth in sales and customer...