Electromagnetic forming (EMF), as a high-speed forming technology by applying the electromagnetic forces to manufacture sheet or tube metal parts, has many potential advantages, such as contact-free and resistance to buckling and springback. In this study, EMF is applied to form several panels with stiffened ribs. The distributions and variations of the electromagnetic force, the velocity and the forming height during the EMF process of the bi-directional panel with gird ribs are obtained by numerical simulations, and are analyzed via the comparison to those with the flat panel (non-stiffened) and two uni-directional panels (only with X-direction or Y-direction ribs). It is found that the electromagnetic body force loads simultaneously in the ribs and the webs, and the deformation of the panels is mainly driven by the force in the ribs. The distribution of force in the grid-rib panel can be found as the superposition of the two uni-directional stiffened panels. The velocity distribution for the grid-rib panel is primarily affected by the X-directional ribs, then the Y-directional ribs, and the variation of the velocity are influenced by the force distribution primarily and secondly the inertial effect. Mutual influence of deformation exists between the region undergoing deformation and the deformed or underformed free ends. It is useful to improve forming uniformity via a second discharge at the same position. Comparison between EMF and the brake forming with a stiffened panel shows that the former has more advantages in reducing the defects of springback and buckling.