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
July 31 (Reuters) – Amazon.com 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 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.”
($1 = 0.7191 pounds)
Reporting by Aishwarya Nair in Bengaluru; additional reporting by William Schomberg and Vishal Vivek; editing by Jason Neely
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