DETROIT (Reuters) – A battery-powered, Lincoln, SUV, due in mid-2022, it will be the first of Ford Motor Co (F. N) vehicle to be built in to a custom electrical chassis that looks similar to a skateboard, which was designed by the Ford-backed startup, Rivian, according to several people familiar with the program.
FILE PHOTO: Rivian announced an all-electric R1S compact SUV at the Los Angeles Auto Show in Los Angeles, California, USA, November 27, 2018. REUTERS/Mike Blake – RC11954EA000/File Photo
The all-wheel-drive Lincoln SUV that would compete against the Rivian in the R1S, an electric sport-utility vehicle, scheduled to go into production at the beginning of 2021 for a price of $72,500. Both of these models use the Rivian in the so-called sustain, is a flexible platform that can be any combination of motors, batteries, steering and suspension.
On Tuesday, Ford refused to comment. Rivian did not respond to a request for comment.
The new Company, which bears the internal code of U787, was able to compete with premium offerings from others, including General Motors Co. (GM.(N), which is going to be at least two brand-new electric sport utility vehicles (Suv’s by 2023, the first one for a Hero, and that would be to revive the Hummer name, the sources said.
Ford has invested $500 million in Rivian and is one of the plans in order to help you to start production next year at the former Mitsubishi manufacturing plant in Normal, Illinois.
When Ford made the investment, it said that it would be to use the Rivian in the skateboard of the development of its own electric car, but it did not have to give out personal information.
It’s not clear what Ford’s plans to build a Lincoln SUV, which will be the first in a series of battery-powered vehicles slated for Ford’s premium brand in North America and China, according to supplier sources familiar with the program, that is not to be identified.
Ford expects that the adoption of the compact by Lincoln electric crossover in late 2021 or early 2022, and a mid-size companion to 2023, the sources said.
The U.S. auto industry, plans to invest billions of dollars in the coming years, in order to build all-electric pick-ups and sport utility vehicles, market sectors, which are the most profitable, most notably for the Detroit-based auto manufacturers.
However, analysts have questioned whether the demand by consumers and commercial customers in the area of the matching and production process.
Founded in 2009, Rivian has raised $1.9 billion from its investors, including the e-commerce giant Amazon.com Inc. (AMZN.(O), which has ordered 100,000 electric vans and trucks from Rivian. The first of the Amazon delivery vans will have to be built into the Normal, and are to be delivered in 2021.
Ford will sell an electric F-series pick-up in late 2021, the sources said. Also, the electric Mustang, Mach E, an SUV, next year, as part of its plans to invest $11.5 billion by 2022, exciting vehicles.
Reporting by Paul Lienert and Ben Klayman in Detroit; Editing by David Gregorio