Rivian, which counts Amazon and Ford among its shareholders, is talking to the government about building a car production facility – its first outside the US – on a site near Bristol, Sky News learns.
An electric vehicle (EV) manufacturer backed by Amazon and Ford is in talks with ministers about building a giant factory in the UK that could include a big state support package.
Sky News has learnt that Rivian, which is also backed by the Ford Motor Company and many of the biggest investors in Silicon Valley, has been in secret negotiations with the British government for weeks about the construction of a plant near Bristol.
The talks are not yet at an advanced stage, and Britain is facing competition from rival proposals from Germany and the Netherlands, according to industry sources.
Any investment decision is likely to be ultimately worth well over £1bn, they added.
If Rivian does opt to build a plant in the UK – which would be its first outside the US – it would represent another major boost to the country’s automotive sector following recent announcements from Nissan and Stellantis, the owner of Vauxhall.
Rivian raised another $2.5bn (£1.8bn) from investors earlier this month, taking the total sum it has raised since 2019 to a gargantuan $10.5bn (£7.5bn).
RJ Scaringe, the company’s founder and chief executive, said the latest capital injection would enable it “to scale new vehicle programmes, expand our domestic facility footprint, and fuel international product rollout”.