June 12, 2024

The Catholic Transcript

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The UK, Germany and the Netherlands are competing for the factory

Rivian is expanding rapidly and already plans a second plant in the United States, where the company plans to manufacture vehicles, electric motors and lithium batteries. The investment in this case would be in the order of US $ 5 billion.

However, Rivian – with more capital – wants to go further and plans to set up its first factory outside the United States. At first, it had to be in the UK, but Germany and the Netherlands are known to want to take it as well.

According to the website Automotive News, Rivian is already in an advanced position in the UK and the city of Bristol wants to take over a manufacturing facility whose investment will reach US $ 1.4 billion.

Rivian: The UK, Germany and the Netherlands are competing for the factory

Boris Johnson’s office is said to be very committed to taking over the Rivian factory and a large state aid package is planned to prevent investments from flying from the company to the European continent.

The Bristol area is considered optimal for the Rivian due to the Department of Gravity Technology, but the UK’s energy, strategy and business sector have not commented on the start – up measures.

In a statement, he said: “While we are working to attract foreign investment to the UK to accelerate the growth of new businesses, we cannot comment on speculations about personal investment.”

Rivian: The UK, Germany and the Netherlands are competing for the factory

Either way, the Rivian in the UK will not be so bad because the country is eager to get electricity faster than many EU countries.

Rivian should not waste time trying to satisfy investors and expand sales elsewhere to fill the company’s money with profitable sales in Europe.

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However, Germany is an important country in any electrification strategy in Europe. However, the construction of the Tesla factory in the country, causing many delays and controversies, may have intimidated Rivian, even though its image was completely different from that of Elon Musk.

[Fonte: Auto News]