Rivian may build its first international EV factory in the UK
Rivian may not be centered solely on expanding its US production. Sky News sources declare the EV designer is in talks with the British authorities to build a producing plant close to Bristol. The discussions aren’t but in late levels, however the focus is reportedly on manufacturing for the vehicles themselves fairly than batteries, though there was room for an all-encompassing Tesla-style gigafactory.
Rival proposals have come from Germany and the Netherlands, Sky claimed. If the UK plant did go forward, although, the authorities may supposedly make investments “well over” £1 billion (about $1.39 billion). Rivian declined to remark.
There’s definitely strain to decide to international enlargement. Rivian has only one factory, a former Mitsubishi plant in Illinois, and it solely simply unveiled plans for a second American facility that may additionally produce batteries. That output may restrict potential gross sales, particularly exterior of North America, and would possibly hamper Amazon’s electric delivery van rollout.
This may assist Rivian scale to counter rivals like Tesla and Volkswagen, each of that are quickly rising their EV manufacturing bases. The UK intends to ban sales of combustion engine cars in 2035, and which means switching native manufacturing to EVs. A Rivian factory may assist the nation transition to EV manufacturing, to not point out encourage gross sales that will make public acceptance that a lot stronger.
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