Rivian negotiating with British government for UK factory
Posted in REVIEWS on July 31, 2021
The company, which is also backed by Ford, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report added.
The talks are not yet at an advanced stage but any investment decision would likely be worth well over 1 billion pounds ($1.39 billion), the report said, citing sources.
The Department for Business, Energy and Industrial Strategy (BEIS) declined to comment on "individual investments".
In an emailed statement to Reuters, BEIS said: "While we are working to attract inward investment into the UK to accelerate the growth of new industries, we cannot comment on speculation about individual investments."
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