
With Rivian Automotive Inc (NASDAQ:RIVN) the only company currently delivering an electric pickup, competition is sorely wanting in the segment. Ford Motor Company's (NYSE:F) F-150 Lightning is coming soon — and with some impressive specs.
Range is top of mind when it comes to an electric vehicle, and a large, heavy vehicle like a pickup truck takes a lot of energy and a big battery to make it far. Ford was aiming for a rated 300 miles of range on the new F-150 EV. But, as a surprise to the CEO, the company surpassed that goal by 20 miles.