Categories: Europe

UK, Netherlands vie to win Rivian’s Europe plant

LONDON — The UK and the Netherlands are ramping up efforts to woo Rivian Automotive because the start-up firm seems for a location for its first manufacturing facility exterior of the U.S.

Rivian stated in a stock-market prospectus in October that it intends to start gross sales in Europe within the near-term, focusing on the pickup, SUV, and business van markets. The California-based firm additionally stated it plans to localize manufacturing and provide chains in Europe in addition to within the Asia-Pacific area.

British Prime Minister Boris Johnson is providing Rivian a “bespoke incentives bundle” and can push apart the usually prolonged planning course of to steer the automaker to open a manufacturing facility within the UK, Sky Information reported.

Johnson has written to Rivian founder and CEO RJ Scaringe to recommend that the corporate builds the plant on the positioning of an previous munitions plant close to Bristol in England, Sky Information stated.

Within the Netherlands, contract producer VDL is providing to supply Rivian automobiles at its Nedcar plant in Born the place it presently builds Minis for BMW, in line with Dutch press studies. VDL executives have visited Rivian to put out phrases and have additionally supplied to promote the plant to Rivian, studies stated.

VDL will cease contract manufacturing for BMW in 2023 after the German automaker determined to maneuver manufacturing of the Mini Countryman substitute from Nedcar to its plant in Leipzig, Germany. In 2019 Nedcar constructed 174,097 automobiles for BMW.

VDL instructed Automotive Information Europe that it was “speaking to numerous events” to safe the long-term way forward for the plant after the BMW contract expires. The corporate didn’t disclose which corporations it’s speaking to.

VDL signed an settlement with U.S. electrical startup Canoo in June to Canoo’s minivan-based automobiles beginning in 2022. Nevertheless, Canoo indicated in a Nov. 30 submitting to the united statesSEC monetary regulatory authority that it “doesn’t presently anticipate to succeed in a definitive framework settlement/contract manufacturing settlement with VDL Nedcar.”

Canoo beforehand paid $30.4 million to VDL prematurely of producing. VDL wouldn’t affirm the standing of the partnership. “VDL Nedcar and Canoo are in dialogue concerning the design of the cooperation. We are going to take the time wanted for this,” a VDL spokesman stated.

Rivian has began manufacturing of its Rivian R1T pickup within the U.S. in Regular, Illinois, in a plant it purchased from Mitsubishi.

VDL is touting its location close to main European industrial places corresponding to Cologne, Germany, and its work with electrical business automobiles and battery-pack meeting as proof of why it’s a sensible choice for Rivian. “We’re nicely positioned to supply electrical passenger automobiles for third events,” a spokesman stated.

Rivian can be an excellent prize for both the UK or the Netherlands given its comparatively incident-free ramp-up to manufacturing, profitable IPO in November and funding from Amazon.

Amazon has ordered 100,000 of the corporate’s EDV electrical vans, Rivian has stated. Amazon owns a 20 p.c stake in Rivian.

Rivian can be being courted by Serbia and one other unnamed European nation for the situation of the deliberate European plant, the Monetary Occasions reported.

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