Ford and Rivian cancel the plan to jointly develop an EV – TechCrunch

Ford and Rivian have abandoned a plan they had to develop an electric car together. In an interview with , Ford CEO Jim Farley said the automaker will do it alone, as it aims to per year before the end of 2023.

When the company in Rivian in 2019, the two said they would work together to produce a Ford-branded electric car with the startup’s “skateboard” driveline. In early 2020, the two cited the pandemic, . At the time, they said they were still planning to go ahead with an “alternative vehicle” based on Rivian’s technology. Now that project is not moving forward either.

“Right now, we have growing confidence in our ability to win in the electric space,” Farley said Car news. “When comparing today with the time we originally made that investment, so much has changed: in terms of our capabilities, about the direction of the brand in both cases, and now it’s safer for us what to do.”

According to Farley, part of the reason Ford and Rivian decided not to go ahead with the project is the complexity of combining their hardware and software. The companies say the decision has not affected their relationship.

“As Ford has scaled its own EV strategy and demand for Rivian cars has grown, we have mutually decided to focus on our own projects and deliveries,” a spokesman for Rivian told Engadget. “Our relationship with Ford is an important part of our journey, and Ford remains an investor and ally on our common path to an electrified future.”

Editor’s note: This post originally appeared on Engadget.

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