- lincoln has canceled plans for a new ev using startup automaker rivian's platform.
- we speculated that this new model could be called the mark e and produce up to 700 horsepower.
- lincoln says it will eventually build a fully electric vehicle, just not with rivian's platform.
lincoln announced that it will no longer partner with startup ev automaker rivian for a new fully electric vehicle, in part because of the covid-19 pandemic. ford's luxury brand had planned to release a new ev model riding on rivian's skateboard platform but now says it will eventually develop its own ev.
this cancellation just so happened to occur on the same day that we published our speculation about this new rivian-based lincoln model, possibly called the mark e, that was slated to arrive in 2022 or thereabouts. that timeline will certainly be pushed back now. we're starting to think that the eventual lincoln ev model could instead share components with the ford mustang mach-e, which rides on a ford-developed electric-vehicle platform.
ford does say it is leaving the door open for other possible vehicle collaborations with rivian in the future. the two companies say that the partnership will continue; ford invested $500 million in rivian last year and this planned rivian-based lincoln was going to be the first product resulting from the pairing.