Tue. Oct 19th, 2021

© Reuters. FILE PHOTO: The Rivian electric vehicle launch logo is seen on the hood of its new all-electric R1T truck in Mill Valley, California, USA, on January 25, 2020. REUTERS / Nathan Frandino

(Reuters) – The launch of electric vehicles backed by Amazon.com, Rivian Automotive, is in talks with ministers about building a factory in the UK that could include a large state support package, Sky reported on Saturday News.

The company, which also has the support of Ford Motor (NYSE 🙂 Co., has been in talks with the British government for weeks on building a plant near Bristol, according to the https: // report.

Talks are not yet at an advanced stage, but any investment decision is likely to be worth more than a billion pounds ($ 1.39 billion), according to the report, citing sources.

The Department of Business, Energy and Industrial Strategy (BEIS) declined to comment on the “individual investments”.

In an emailed statement to Reuters, BEIS said: “As we work to attract domestic investment to the UK to accelerate the growth of new industries, we cannot comment on speculation about individual investments.”

Rivian, seen as a potential rival to Tesla (NASDAQ 🙂 Inc., said this month that he expects to begin the first deliveries of his R1T pickup truck in September and his R1S SUV in the fall.

($ 1 = £ 0.7191)

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