About two months ago, Ford and Ravian decided to part ways regarding develo🌜ping electric vehicles together. Ford also gave up a board seat with Ravian, which makes sense especially if they are deciding to compete head on with Ravian in the EV Sector. Although Ford gave up its board seat, the company still has shares in Ravian.
During the announcement of the split, shares of Ravian slid a bit, while shares of Ford increased. Both companies seem to be doing really well with their Electric vehicles and have received positive comments. In fact, Ravian developed the first ever electric pickup truck. Being the first to do this is such an honor,
Ford is on target to double its production of the all electric F-150, due to the high demand. 2022 and after is going to see the explosion of EV industry. It’s only a matter of time until mostly everyone is drive an EV.