Ford, Rivian cancel electric car partnership

Ford

Ford is winding down its electric vehicle partnership with Rivian Automotive. Rivian, founded by the founders of Blue Origin, had plans to build a family of mid-size EVs, called the Soul, that were set to go on sale in 2020. But by late February, the two companies announced they were closing the deal to collaborate on the Soul. Now Rivian says Ford has decided to stop the project altogether.

“We will continue to drive the vehicle platform forward, however, Ford’s investment in our joint project has, as expected, changed substantially,” company spokesman Chris Domagalski told us in an email. “After examining our investment portfolio more closely, Ford elected to no longer make the final investment in the program.”

Ford did not respond to requests for comment.

Rivian was expected to develop the Soul with all-electric propulsion. Instead, Ford will work with Rivian on other levels of the vehicle, probably on electrification of the battery cells used in the Soul.

The announcement is a blow to Rivian and Ford’s plans. It means that only one major automaker has committed to selling an all-electric family of mid-size vehicles. Besides Rivian, BMW and Volkswagen’s Audi have also said they would be jumping into the fray.

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