Rivian Toying With A Bristol Based Factory
The US startup is said to be in talks with the UK government to build a factory in Bristol.
Rivian might be crossing the pond sooner than you think in a monumental deal worth well over £1 billion.
According to Sky News, the American automaker has been in “secret negotiations” with the government for weeks now about constructing a plant on UK soil.
Rivian has its eyes on Gravity, a 616-acre campus near Bristol, as one potential site for a new manufacturing plant. This plant would manufacture the vehicles themselves, not the batteries.
Prime Minister Boris Johnson is said to be taking a keen interest in Rivian’s plans, seeing it as a great opportunity, according to an anonymous Sky source.
Talks are still in the early stages, with the UK facing competition from Germany and the Netherlands, countries that have their own proposals/plans.
Rivian have declined to comment.
Rivian are a big deal in the bustling EV market
Last week, Rivian said that it had raised a whopping $2.5 billion (£1.8 billion) in its latest funding round. Total investment in the company now sits at the $10.5 billion (£7.54 billion) mark.
New investment will be used “to scale new vehicle programmes, expand our domestic facility footprint, and fuel international product rollout,” said RJ Scaringe, founder and chief executive of Rivian.
Rivian is backed by Ford and Amazon, respectively, putting them in a different league compared to most EV startups. Ford will be using Rivian’s skateboard platform for an upcoming vehicle.
Amazon, on the other hand, has ordered 100,000 electric vans from Rivian to add to its delivery fleet.
The US startup currently crafts vehicles out of its factory in Normal, Illinois — a location that initially belonged to Mitsubishi Motors before it was taken over in 2017.
Rivian actually wants to build another factory in the US alongside one in Europe. Where they wish to build this factory is unknown at the moment.
Rivian is considered by many to be the next big EV company coming out of America. What do you think of the automaker building a factory in the UK? Will it happen, or will it plant its flag elsewhere?