Story at a glance
- Lincoln did not disclose the vehicle’s name, body type or release date.
- Ford invested $500 million in Rivian last year.
- The platform for the electric Lincoln includes the vehicles motors, suspension and battery pack.
Electric-vehicle startup Rivian is set to provide the skateboard platform for Lincoln’s first fully-electric vehicle, following Ford’s $500 million investment in Tesla’s rival last year.
The platform for the Lincoln, which is the luxury brand owned by Ford, will include the vehicles motors, suspension and battery pack.
Ford and Rivian said in the past they would collaborate in developing a vehicle together, but Wednesday’s announcement was the first reveal about any details on the project.
Lincoln did not disclose the upcoming vehicle’s name, body type or release date. But Lincoln said its first fully-electric vehicle will join the brand’s Aviator and Corsair Grand Touring plug-in hybrid vehicles in further “solidifying Lincoln’s commitment to electrification.”
“Working with Rivian marks a pivotal point for Lincoln as we move toward a future that includes fully electric vehicles,” President of the Lincoln Motor Company Joy Falotico said in a statement. “This vehicle will take Quiet Flight to a new place — zero emissions, effortless performance and connected and intuitive technology. It’s going to be stunning.”
Rivian, which was founded in 2009, has raised more than $3 billion and investments from T.Rowe Price and Amazon. Amazon ordered 100,000 electric delivery vans from Rivian.
The EV startup has plans to build an electric SUV, the R1S and an electric pickup, the R1T, this year.
Meanwhile, Ford said it will invest $11 billion in electric vehicles over the next two years. Ford also has plans to release the Mustang Mach-E SUV, an electric SUV, at the end of this year, as well as an electric version of its F-150 pickup truck.