Rivian, which counts Amazon and Ford among its shareholders, is talking to the government about building a car production facility - its first outside the US - on a site near Bristol, Sky News learns.
Customer deliveries of its R1T electric trucks, which will sell from $67,500 , are due to begin in the autumn - although they have faced previous delays.The talks with ministers are understood to be focused on a facility to manufacture Rivian vehicles, rather than the batteries used to power them, although insiders said that the negotiations were fluid and could yet shift towards a gigafactory.
The nature of a government subsidy package is not yet defined and it was unclear this weekend whether Rivian had yet to make any formal requests for funding or tax breaks from ministers. The electric vehicle group is also reported to be preparing to launch an initial public offering in New York as soon as this year that would value it at as much as $70bn .
Its other shareholders include BlackRock, the world's biggest asset manager, the hedge fund Third Point and Dragoneer Investment Group, a prolific technology investor. If it does move ahead in Britain, it would further confound predictions that the country's automotive sector was headed for terminal decline after Brexit.Customer deliveries of its R1T electric trucks, which will sell from $67,500 , are due to begin in the autumn
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