© Reuters. FILE PHOTO: The emblem for electrical automobile startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino
(Reuters) -Amazon.com Inc-backed electrical automobile start-up Rivian Automotive is in talks with ministers about constructing a manufacturing facility within the UK that might embody an enormous state assist package deal, Sky Information reported on Saturday.
The corporate, which can be backed by Ford Motor (NYSE:) Co, has been in negotiations with the British authorities for weeks in regards to the building of a plant close to Bristol, the report https:// added.
The talks will not be but at a complicated stage however any funding choice would probably be value effectively over 1 billion kilos ($1.39 billion), the report stated, citing sources.
The Division for Enterprise, Power and Industrial Technique (BEIS) declined to touch upon “particular person investments”.
In an emailed assertion to Reuters, BEIS stated: “Whereas we’re working to draw inward funding into the UK to speed up the expansion of latest industries, we can’t touch upon hypothesis about particular person investments.”
Rivian, seen as a possible rival to Tesla (NASDAQ:) Inc, stated this month it expects to start first deliveries of its R1T pick-up truck in September and its R1S SUV within the autumn.
($1 = 0.7191 kilos)
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