• About
  • Terms of Use
  • Privacy & Policy
  • Cookie policy
  • “press@ustechtimes.com”.
USTechTimes, Magazine & Review WordPress Theme 2017
  • Home
  • topics
    • All
    • AgTech
    • AI
    • Analytics
    • AR/VR
    • Biotech
    • Blockchain
    • Cars / autonomous vehicles
    • Clean tech / environment
    • Cloud infrastructure
    • Cryptocurrency
    • Data services
    • Developer tools
    • E-commerce
    • Education
    • Energy tech
    • Enterprise
    • Entertainment & sports
    • Security
    ZeroAvia Series C Funding Image: Revolutionizing Sustainable Aviation with Hydrogen-Electric Engines, Decarbonization, and Green Initiatives.

    ZeroAvia Secures $116M in Series C Funding to Propel Zero-Emission Aviation

    Linxup Fleet Management - $50M Runway Growth Capital Investment Fuels GPS Tracking and IoT Innovation for SMBs

    Linxup Secures $50M Boost from Runway Growth Capital for GPS Tracking and Fleet Management Excellence

    LucidLink-Series-C-Funding-Filespaces-Storage-Collaboration.

    LucidLink Secures $75M in Series C Funding for Revolutionary Storage Collaboration Platform

    Princeton NuEnergy, a lithium-ion battery recycling company raised $16M to drive its LPAS™ technology for advancing sustainable energy and clean-tech solutions.

    Princeton NuEnergy’s $16M Funding Sparks a Brighter Future in Lithium-Ion Battery Recycling

    Trending Tags

      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Consumer health & fitness
      • Consumer products
      • Cryptocurrency
      • Data services
      • Developer tools
      • Distributed workforce
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Fashion
      • Fintech
      • Food and beverage
      • Games
      • Gaming/eSports
      • Govtech
      • Hardware
      • Health & hospital services
      • Health IT
      • Human capital
      • Impact
      • Insurance
      • IoT
      • Local commerce
      • Lodging/hospitality
      • Logistics
      • Manufacturing
      • Marketing automation
      • Marketplaces
      • Material science
      • Media/content
      • Medical devices
      • Messaging
      • Network infrastructure
      • Parenting/families
      • Payments
      • Pharmaceuticals
      • Real estate/proptech
      • Retail
      • Robotics
      • SaaS
      • Sales and CRM
      • Security
      • SMB software
      • Social commerce
      • Social mobile
      • Space
      • Gaming/eSports
      • Travel
      • Games
    • Venture Capital
    No Result
    View All Result
    • Home
    • topics
      • All
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Cryptocurrency
      • Data services
      • Developer tools
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Security
      ZeroAvia Series C Funding Image: Revolutionizing Sustainable Aviation with Hydrogen-Electric Engines, Decarbonization, and Green Initiatives.

      ZeroAvia Secures $116M in Series C Funding to Propel Zero-Emission Aviation

      Linxup Fleet Management - $50M Runway Growth Capital Investment Fuels GPS Tracking and IoT Innovation for SMBs

      Linxup Secures $50M Boost from Runway Growth Capital for GPS Tracking and Fleet Management Excellence

      LucidLink-Series-C-Funding-Filespaces-Storage-Collaboration.

      LucidLink Secures $75M in Series C Funding for Revolutionary Storage Collaboration Platform

      Princeton NuEnergy, a lithium-ion battery recycling company raised $16M to drive its LPAS™ technology for advancing sustainable energy and clean-tech solutions.

      Princeton NuEnergy’s $16M Funding Sparks a Brighter Future in Lithium-Ion Battery Recycling

      Trending Tags

        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Venture Capital
      No Result
      View All Result
      USTechTimes - Leading Startup and Technology News in the United States
      No Result
      View All Result

      Ford drop its plan to jointly develop EV with Rivian

      USTechTimes Editor by USTechTimes Editor
      December 3, 2021
      Home topics Cars / autonomous vehicles
      Share on FacebookShare on Twitter

      One of the most significant investors of electric vehicle startup Rivian, Ford has tanked its plan to develop an EV jointly. Originally Ford planned to develop an EV with the assistance of Rivian’s cutting edge technologies, but now the automobile giant will build EVs on its own.

      Jim Farley, CEO of Ford, said, “Right now, we have growing confidence in our ability to win in the electric space. When you compare today with when we originally made that investment, so much has changed about our ability, about the brand’s direction in both cases, and now it’s more certain to us what we have to do.”

      Rivian has officially confirmed the development. The company also stated that Ford has already accelerated its blueprints for EVs while demand has also gone up for Rivian vehicles on the side.

      An official spokesperson of Rivian said, “As Ford has scaled its EV strategy and demand for Rivian vehicles has grown, we’ve mutually decided to focus on our projects and deliveries.”

      Old school automakers are wary about their future

      The sky-high valuation of EV startups shakes old-school automakers. Ford claimed that parting way with Rivian comes as an obstacle to marrying their hardware and software together.

      However, experts believe that as GM moves towards being 100 percent carbon neutral by 2040, Ford is rummaging for solutions to solve their next-gen vehicle operations by venturing into EV and Robo-taxi before companies like Tesla render them redundant.

      Ford’s original plan was to develop an electric Lincoln SUV model, but the project got canceled with the coronavirus pandemic outbreak. However, Lincoln decided to adopt a unique electrification-based approach in 2020 and now the automaker wants to go all solo.

      Ford aims to produce 6,00,000 EVs a year by the end of 2023. In Europe, it will use the Volkswagen Group’s MEB platform as part of a shared-development agreement, which will have Ford provide the basis for Volkswagen’s next-gen commercial vehicles.

      Ford will keep investing in Rivian

      CEO Farley confirmed that Ford would keep investing in Rivian. “We love their future as a company, but at this point, we’re going to develop our vehicles. We have slightly different business models, and we like what they’re doing, but we’re going to go our separate ways,” he said.

      In 2019, the American giant invested $500 million (£374m) into its compatriot startup, which is now valued more than Ford itself, despite having not recorded any profits as of 2021.

      Rivian highlighted that Ford is still a major investor and collaborator on its shared journey towards electrification. Ford had to push competitor General Motors out of the race to get its share of 12 percent in Rivian as per previous reports.

      Rivian has a market cap nearing $110 billion in recent times, with Ford having a market value of roughly $77.5 billion. Rivian is currently busy with its pre-order backlog of 55,400 units, going till end-2023 as per its regulatory filings. The company is also striving to ensure deliveries of 10,000 electric vans to its biggest investor, Amazon.

      Related Posts

      • Apple EV
        Apple looking towards China for batteries supply for its future EV

        Apple is in early-stage talks with China's CATL and BYD to supply batteries for its…

      • Tesla Pondering to Tame the Chinese Dragon for its EV Batteries

        The world’s most valuable automaker headed by billionaire Elon Musk Tesla Inc wants to shift…

      • Lucid And Rivian are Giving Tesla a Run for its Money

        September 2021, is proving to be an interesting checkers’ game for the electric mobility sector…

      Tags: automobileEVfuture techmobility
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      Related Posts

      ZeroAvia Series C Funding Image: Revolutionizing Sustainable Aviation with Hydrogen-Electric Engines, Decarbonization, and Green Initiatives.
      Clean tech / environment

      ZeroAvia Secures $116M in Series C Funding to Propel Zero-Emission Aviation

      November 28, 2023
      Linxup Fleet Management - $50M Runway Growth Capital Investment Fuels GPS Tracking and IoT Innovation for SMBs
      Cars / autonomous vehicles

      Linxup Secures $50M Boost from Runway Growth Capital for GPS Tracking and Fleet Management Excellence

      November 24, 2023
      Electric boat sailing on clean water - Arc Boat Company's sustainable marine innovation in action
      Clean tech / environment

      Arc Electric Boat Company Sets Sail to a Greener Horizon with $70M Series B Funding

      October 1, 2023
      Mapbox, Leading Location Platform for AI Integration
      Cars / autonomous vehicles

      Mapbox Secures $280 Million Investment to Drive AI Integration in the Automotive Industry

      September 21, 2023
      Ascend Elements Sustainable Lithium Battery Recycling Facility.
      Clean tech / environment

      Ascend Elements Secures $542 Million to Drive Global Sustainable Lithium Battery Recycling

      September 15, 2023
      Redaptive, Energy Efficiency Solutions.
      Clean tech / environment

      Redaptive Secures $125 Million Financing to Drive Energy Efficiency Solutions Worldwide

      August 30, 2023
      No Result
      View All Result

      Trending Posts

      • ZeroAvia Secures $116M in Series C Funding to Propel Zero-Emission Aviation
        ZeroAvia Secures $116M in Series C Funding to Propel Zero-Emission Aviation
        by Catherine SueNovember 28, 2023
      • Software Investor Insight Partners Acquires IoT Security Firm Armis
        Software Investor Insight Partners Acquires IoT Security Firm Armis
        by USTechTimes EditorJanuary 8, 2020
      • Relay Network gets $30 million funding from LLR Partners
        Relay Network gets $30 million funding from LLR Partners
        by USTechTimes EditorDecember 8, 2019
      • NexPhase Sells Software Firm FAST to Verisk for $193.5 million
        NexPhase Sells Software Firm FAST to Verisk for $193.5 million
        by USTechTimes EditorDecember 8, 2019
      • Siemens Acquires Virtual Testing Software Firm MultiMechanics
        Siemens Acquires Virtual Testing Software Firm MultiMechanics
        by USTechTimes EditorDecember 4, 2019

      Products

      Apple 20W USB-C Power Adapter

      Apple MagSafe Battery Pack

      Apple AirPods Pro (2nd Generation) Wireless Earbuds

      Apple Lightning to USB Cable

      USTechTimes – Leading Startup and Technology News in the United States

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      More from our network


      • ktd

      • atd

      • itd

      • ktt

      • kgd

      • kpp

      • ktp

      • kpoppost

      • ustechtimes

      Categories

      • Accelerator
      • Animation
      • Apple
      • Applications
      • Artificial Intelligence
      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR

      FREE NEWSLETTER

       

      Follow Us

      • About
      • Terms of Use
      • Privacy & Policy
      • Cookie policy
      • “press@ustechtimes.com”.

      © 2023 ustechtimes.com

      No Result
      View All Result
      • Home
      • topics
        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Venture Capital

      © 2023 ustechtimes.com