U.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that Ford Motor Co invested US$500 million in the company, which is seen as one of the major rivals to Tesla Inc.
R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/Files
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