Amazon-backed Rivian in talks with ministers over UK plant – Sky News

July 31 (Reuters) – Amazon.com Inc-backed electric vehicle start-up Rivian Automotive is in talks with ministers over building a UK plant that could include a major support program state, Sky News reported on Saturday.

The company, which is also backed by Ford Motor Co (FN), has been negotiating with the UK government for weeks over building a factory near Bristol, the report adds.

Talks are not at an advanced stage yet, and any investment decision is ultimately expected to be worth well over £ 1bn ($ 1.39bn), the report said, citing sources.

Rivian, seen as a potential rival to Tesla Inc (TSLA.O), said this month that he plans to start the first deliveries of his R1T pickup truck in September and his R1S SUV in the fall. Read more

($ 1 = 0.7191 pounds)

Reporting by Aishwarya Nair in Bengaluru; edited by Jason Neely

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