Ford could be reaping the fruits of its investment in EV startup Rivian soon, according to a report published by Reuters.
Several months back, Ford made headlines when it became a prominent investor of Rivian, a startup company specializing in the development of electric vehicles. Based on recent reports, the two companies are making significant progress in their endeavors with the upcoming launch of a new model from Ford’s luxury brand Lincoln.
The rumored EV is believed to arrive in 2022 and will feature a new skateboard-style chassis developed by Rivian. It is also likely the said chassis is the same one that will underpin the highly talked about Rivian R1S SUV.
However, considering the current Lincoln SUV lineup, it would make more sense for the new EV to compete in the same price range as the Rivian R1S, which is expected to carry a tag price of $72,500. Although it also wouldn’t be surprising if Lincoln decides to go for the luxury soft-roader style as it did with the Navigator and Aviator, while Rivian aims for the utility vehicle for off-road lovers.
In the end, all aforementioned EVs will likely compete in the same segment that also includes models from Cadillac, possibly a revived Hummer, and, to some extent, the Bollinger B1.
Ford will likely announce in the succeeding months whether the first model that will roll out from its partnership with Rivian will indeed be an electric vehicle under Lincoln. For now, everything is still a waiting game.