© Reuters. FILE PHOTO: The logo for electric vehicle 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 (NASDAQ:) Inc-backed electric vehicle start-up Rivian Automotive is in talks with ministers about building a factory in the UK that could include a big state support package, Sky News reported on Saturday.
The company, which is also backed by Ford Motor (NYSE:) Co, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report https:// added.
The talks are not yet at an advanced stage and any investment decision is likely to be ultimately worth well over 1 billion pounds ($1.39 billion), the report said, citing sources.
Rivian, seen as a potential rival to Tesla (NASDAQ:) Inc, said this month it expects to begin first deliveries of its R1T pick-up truck in September and its R1S SUV in the autumn.
($1 = 0.7191 pounds)
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