For several months now, we’ve heard multiple rumors suggesting luxury electric ‘adventure’ vehicle manufacturer Rivian was in talks with major automakers with a view to gaining some significant investment.
These rumors came off the back of confirmation earlier this year that Amazon was investing $700 million in the company.
Last week we learned GM was unlikely to invest in Rivian at this time, but earlier this week Rivian confirmed Ford was making a $500 million investment as well as collaborating with the company on a new Ford-badged electric vehicle.
Given Ford’s lacklustre attitude toward battery electric vehicles in the past, could this acquisition be Ford’s secret weapon in an attempt to lead the electric pickup market?
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