DETROIT (Information) – A battery-powered Lincoln SUV, due in mid-2022, would be the first Ford Motor Co (F.N) car constructed on a customized electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, in keeping with a number of folks aware of this system.
FILE PHOTO: Rivian introduces all-electric R1S SUV at Los Angeles Auto Present in Los Angeles, California, U.S. November 27, 2018. Information/Mike Blake – RC11954EA000/File Photograph
The all-wheel-drive Lincoln SUV might compete in opposition to Rivian’s R1S, an electrical sport utility car slated to enter manufacturing in early 2021 that might be priced from $72,500. Each fashions will use Rivian’s so-called skateboard, a versatile platform that mixes electrical motors, batteries, controls and suspension.
On Tuesday, Ford declined to remark. Rivian didn’t reply to a request for remark.
The brand new Lincoln, which carries the inner program code U787, additionally might compete with premium choices from others, together with Normal Motors Co (GM.N), which plans to introduce no less than two new electrical SUVs by 2023, one for Cadillac and one that might revive the Hummer identify, sources have stated.
Ford invested $500 million in Rivian this 12 months and plans to assist it start manufacturing subsequent 12 months at a former Mitsubishi plant in Regular, Illinois.
When Ford made the funding, it stated it might use Rivian’s skateboard to develop its personal electrical car, however didn’t disclose particulars.
It isn’t clear the place Ford intends to construct the Lincoln SUV, which might be among the many first of a number of battery-powered utility automobiles deliberate for Ford’s premium model in North America and China, in keeping with provider sources aware of these packages who requested to not be recognized.
Ford expects to introduce a compact Lincoln electrical crossover in late 2021 or early 2022 and a mid-size companion in 2023, the sources stated.
The U.S. auto business plans to take a position billions of dollars over the subsequent few years to construct all-electric pickups and SUVs, sectors of the market which were among the many most worthwhile, particularly for Detroit-based automakers.
However analysts have questioned whether or not demand from customers and industrial clients will come near matching manufacturing.
Based in 2009, Rivian has raised $1.9 billion from buyers, together with e-commerce big Amazon.com Inc (AMZN.O), which has ordered 100,000 electrical supply automobiles from Rivian. The primary Amazon vans might be in-built Regular and are to be delivered in 2021.
Ford goals to promote an electrical F-series pickup in late 2021, sources have stated. It additionally will provide the electrical Mustang Mach E SUV subsequent 12 months as a part of plans to take a position $11.5 billion by 2022 electrifying its automobiles.
Reporting by Paul Lienert and Ben Klayman in Detroit; Enhancing by David Gregorio