ALL AMERICAN ‘RIVIAN’ GETS A HANDY $500MILLION FROM FORD AFTER $700MILLION FROM AMAZON….

The Rivian  R1S SUV (above) base model reaching 60 miles per hour in 4.9 seconds, and the two higher-spec models hitting that speed in just around three seconds. The SUV will have a quad-motor layout, an electric motor will power each wheel for precise all-wheel drive performance. While the base model will have 400 horsepower, the 135kWh version will have 750 horsepower. That number drops to 700 horsepower in the 180kWh version of the R1S

Ford Motor Company has just written a cheque for $500 million to startup Rivian. Ford say they will build an electric vehicle using Rivian technology. Ford will build its vehicle around Rivian’s “flexible skateboard platform,” a modular platform which includes the battery pack, the electric drivetrain, and the electrical architecture that will power the startup’s own EVs. For the investment Ford will receive a minority stake in the business and a seat on the board.