Ford and Rivian said that they would jointly develop a new electric vehicle using Rivian's platform.
might have beaten out crosstown rival General Motors in the rush to make deals with Tesla's newest rival.In a statement, Ford and Rivian said they had"agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford's growing EV portfolio using Rivian's ... platform."
Earlier this year, Rivian announced a $700 million investment led by Amazon. In short order, Rivian, founded in 2009, has become Tesla's chief rival in the burgeoning electric-pickup market and has attracted the enthusiastic attention of the traditional Detroit auto industry. In joining with Rivian, Ford might have beaten out crosstown rival General Motors. Prior to the Amazon-led investment, GM was reportedly in discussions with Rivian about a collaboration.
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