Investor’s Business Daily

Hot EV Startup Rivian Plans A Second Factory Ahead Of IPO

Hot EV startup Rivian, backed by Amazon and Ford, plans a second assembly plant ahead of an IPO. In addition to electric vehicles, Rivian Automotive’s second factory in the U.S. will build battery cells, sources told Reuters. “While it’s early in an evolving process, Rivian is exploring locations for a second U.S. manufacturing facility,” Rivian spokeswoman Amy Mast told Reuters on Thursday, without providing further details.

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