Rivian, electric truck and SUV maker, has a $500 million strategic partnership deal with Ford.
A few months ago, Rivian revealed an all-electric pickup and SUV with about 400 mile range. The new vehicles look competitive for electric car maker Tesla and the Model X SUV and Model Y Crossover vehicles. Rivian has been taking $1,000 deposits for the R1T pickup and R1S SUV that will start selling in the fall of 2020.
Rivian has not starting selling their new vehicles. In February, Rivian received $700 million in investment from Amazon. Rivian was talking to GM about partnering but Rivian turned down GM when they required an exclusive arrangement.
Ford will develop a new vehicle using Rivian’s skateboard platform which has batteries and the electric engine. Ford will still develop its own separate electric vehicles.
The Rivian electric drive delivers power and torque through four independent motors — with 200 horsepower available at each wheel. This precise torque control enables active torque vectoring and maximized performance in every situation, from high-speed cornering to low-speed rock crawling.
The Rivian vehicles will have up to 180-kilowatt hours of batteries.
Rivian has six new vehicles that will be ready by 2025. They will all be pickup trucks or SUVs.
The Tesla Model X currently has 75 kwh, 90 kwh and 100 kwh versions. Telsa Model X has ranges from 250 miles to 325 miles.
SOURCES- Rivian, Ford, Tesla
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of
nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.
