Rivian is planning a second U.S. factory – TechCrunch

Amazon-backed electric vehicle maker Rivian is aiming to bring EV pickup trucks to market first and plans to open a second manufacturing plant in the United States, sources told TechCrunch. Previous report from Reuters..

Rivian didn’t elaborate on when he planned to build the factory, but confirmed that he was in the process of locating the second factory. Reuters reported that the factory, called Project Tera, will also include battery cell production. This is a detail that boosts the cost and scale of the factory.

“Although in the early stages of the evolutionary process, Rivian is looking for a location for a second manufacturing facility in the United States,” spokesman Amy Mast said in an email. “We look forward to working with a collaborative, technology-advancing community to build a partnership as strong as our partnership with Normal, Illinois.”

The news comes from Rivian CEO RJ Scaringe as a customer Postpone delivery The long-awaited R1T electric pickup truck and R1SSUV have been in production for several more months due to production delays due to the “chained effect of the pandemic”, especially the global shortage of semiconductor chips. Scaringe wrote in a message that R1T delivery began in September and R1S will continue “soon.”

Rivian will assemble consumer products (R1T, R1S) and a planned commercial delivery van for Amazon at its Normal plant in Illinois. The plant, which once produced Mitsubishi Eclipse through a joint venture between Mitsubishi and Chrysler, has been completely renewed and expanded.

A typical factory has two separate production lines that produce vehicles. One is for R1 vehicles only and the other is for commercial vans only. Amazon ordered 100,000 of these vans and began delivery in 2021.

The car makers are Ford, Cox Automotive and T. We have raised over $ 8 billion from a variety of backers, including Lowprice Associates, Inc., Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Courts, and D1 Capital Partners. That capital is needed to keep 7,000 employees up and running, and building an assembly plant is a project that costs at least $ 1 billion, according to industry estimates.

Rivian is planning a second U.S. factory – TechCrunch Source link Rivian is planning a second U.S. factory – TechCrunch

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