NEWS COMMENTARY

Ford's $500 million investment in Rivian is targeting more than financial returns

Published:
April 25, 2019
Coverage:
Owning the Energy Transition More...
Activities:
Investment More...
Very important

Along with the investment, Ford announced it will use Rivian's vehicle platform to develop its own vehicles. Lux considers Rivian one of the more promising EV startups, as it is targeting a large vehicle segment (trucks and SUVs) with relatively few competitors. Ford brings more than cash to the partnership, as its F-Series pickups are second only to Toyota's Corolla in global sales, and the company's production and design expertise should assist Rivian. Clients should watch this partnership closely over the next two years, as it is likely to produce some of the first electric trucks. Taking a longer view, Rivian may emerge as an acquisition target for Ford.

For the original news article, click here .


Further Reading

Hyundai Motor Group acquires controlling interest in Boston Dynamics, valuing it at $1.1 billion

News Commentary | December 15, 2020

Under the agreement, SoftBank will retain 20% of Boston Dynamics, while Hyundai Motor Group will own 80% of the company. This is the third acquisition for Boston Dynamics, following Google's in 2013 and SoftBank's in 2017. Prior valuations of the company are unknown, but the current valuation is ... Not part of subscription

Vehicle inspection startup UVEye secures strategic investment from Hyundai Motor, adding to its growing list of automotive OEM partners

News Commentary | February 04, 2021

UVEye (Lux Take: Positive) has raised $5 million in funding (Lux Research estimate based on previous and current reporting) and will work with Hyundai Motor on various vehicle inspection projects. UVeye already has partnerships with Toyota, Honda, PSA Group, Škoda, Daimler, and Volvo. This ... To read more, click here.

Honda targets zero tailpipe emissions by 2040

News Commentary | May 03, 2021

Honda is the latest automaker to announce a full zero‑emissions strategy, announcing it will end combustion vehicle sales by 2040. The date is slightly later than that of some of its peers; luxury brand Jaguar Land Rover will go zero tailpipe emissions by 2030. This is expected; as we've noted ... Not part of subscription