Tesla rival Rivian says Ford Motor invests $500-million in firm

📆 4/24/2019 3:41 PM
📰 globeandmail

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Tesla rival Rivian says Ford Motor invests $500-million in firm GlobeBusiness

A Rivian R1S all-electric SUV is displayed at the 2019 New York International Auto Show on April 17, 2019.U.S.

electric pickup truck startup Rivian Automotive LLC said on Wednesday that Ford Motor Co. invested $500 million in the company, which is seen as one of the major rivals to Tesla Inc.Ford and Rivian will jointly develop a battery electric vehicle using Rivian’s platform, Rivian said.

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globebusiness They’re not a Tesla rival

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