“They have a different view from charging to affordable service, to the parcel distribution process, to the way they develop a vehicle, the way that the tech stack comes to life in a vehicle, the relationship that an anchor tenant like Amazon has for them. It’s a very refreshing and exciting leadership team. And that’s what we’re investing in,” he said.
Looking ahead, both companies are plotting major EV expansions, allowing them to use each other’s expertise. Rivian plans to expand its production facility and launch smaller R2 and R3 series models based on new platforms, while Ford will electrify its entire model lineup and launch battery-electric versions of the F-150 and Transit van.
