So, Ford will continue to work on a battery powered F150, and then they're going to use Rivian's platform to compete with the likes of the Honda Ridgeline and other unibody pickups? That actually seems like it would be a workable plan.
Edit: To clarify, my basis for this is something Mike Levine said (he is Ford NA Product Comm Manager):
"Ford’s battery electric F-150 has been under development for some time and will continue as planned. Ford is using Rivian’s skateboard platform as the basis for an all-new vehicle."