Ford and Rivian cancel plan to collectively develop an EV – TechCrunch

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Ford and Rivian have deserted a plan they needed to collectively develop an EV collectively. In an interview with , Ford CEO Jim Farley mentioned the automaker will go it alone because it goals to  per yr by the tip of 2023.

When the corporate  in Rivian in 2019, the 2 mentioned they might work collectively to provide a Ford-branded EV that includes the startup’s “skateboard” powertrain. In early 2020, the 2, citing the pandemic, . On the time, they mentioned they nonetheless deliberate to go ahead with an “various car” primarily based on Rivian’s expertise. Now, that undertaking gained’t go ahead both.

“Proper now, we’ve rising confidence in our means to win within the electrical area,” Farley advised Automotive Information. “Once you examine as we speak with once we initially made that funding, a lot has modified: about our means, in regards to the model’s route in each circumstances, and now it’s extra sure to us what we’ve to do.”

In keeping with Farley, a part of the rationale Ford and Rivian determined to not transfer ahead with the undertaking is the complexities of marrying their {hardware} and software program collectively. The businesses say the choice has not affected their relationship.

“As Ford has scaled its personal EV technique and demand for Rivian automobiles has grown, we’ve mutually determined to deal with our personal tasks and deliveries,” a spokesperson for Rivian advised Engadget. “Our relationship with Ford is a vital a part of our journey, and Ford stays an investor and ally on our shared path to an electrified future.”

Editor’s observe: This publish initially appeared on Engadget.