Rivian Automotive Inc., the EV startup backed by Amazon.com Inc. and Ford Motor Co., is in talks with the U.Ok. authorities on constructing its first manufacturing plant exterior the U.S. close to the English metropolis of Bristol, Sky Information reported.
The funding would in all probability embrace a big state-support package deal, however the U.Ok. faces competitors from Germany and the Netherlands for the positioning, Sky cited trade sources as saying. Talks with the U.Ok. authorities are at an early stage, and an funding could possibly be value greater than 1 billion kilos ($1.4 billion), it stated.
Prime Minister Boris Johnson has taken a eager curiosity within the progress of the talks, though they aren’t but at a complicated stage, Sky reported. Attracting environmentally pleasant funding within the U.Ok. is a key a part of Johnson’s plan for post-Brexit Britain and his local weather agenda.
Gravity, a 616-acre campus close to Bristol, southwest England, has been recognized by Rivian as a doable location for the brand new plant, Sky stated.
The corporate is additionally exploring areas for a second plant within the U.S. Bloomberg Information first reported Rivian’s plans for a European manufacturing facility in November.
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