Does Ford still own Rivian?
No, Ford no longer owns a stake in the electric vehicle startup Rivian. In 2019, Ford invested $500 million in Rivian, but the two companies ended their strategic partnership in 2022 as Rivian shifted its focus to other partnerships and Ford pursued its own electric vehicle initiatives.
The Ford-Rivian Partnership
In 2019, Ford made a $500 million investment in Rivian, taking a minority stake in the electric vehicle startup. The two companies had planned to collaborate on developing a new electric vehicle, leveraging Rivian's skateboard platform and Ford's expertise in manufacturing and distribution. This partnership was seen as a way for Ford to accelerate its own electric vehicle plans and gain access to Rivian's innovative technology.
The End of the Partnership
However, in 2022, Ford and Rivian announced that they were ending their strategic partnership. Ford stated that it wanted to focus on its own electric vehicle initiatives, including the development of the all-electric Ford F-150 Lightning and Mustang Mach-E. Rivian, on the other hand, shifted its focus to other partnerships, including a deal with Amazon to supply electric delivery vans.
Ford's Current Stance on Rivian
As of 2025, Ford no longer holds a stake in Rivian. The automaker sold its remaining shares in the electric vehicle startup in 2022, citing a desire to focus on its own electric vehicle plans. Ford's decision to end its partnership with Rivian was seen as a strategic move to prioritize its own electric vehicle development and avoid potential conflicts with other partnerships.
Rivian's Current Status
Rivian continues to operate as an independent electric vehicle manufacturer, focusing on the development and production of its R1T pickup truck and R1S SUV models. The company has also expanded its partnerships, including a deal with Amazon to supply electric delivery vans. Rivian's future success will depend on its ability to ramp up production, maintain its technological edge, and navigate the increasingly competitive electric vehicle market.
