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Home / Business / General Motors and Amazon can back the electric car startup Rivian, the report says

General Motors and Amazon can back the electric car startup Rivian, the report says



General Motors and Amazon are in talks to take action in starting electric trucks Rvian, people who are familiar with the case, told Reuters on Tuesday.

The Michigan-based outfit made a splash at the Los Angeles Auto Show in November, revealing the futuristic battery-powered pickup and SUV it plans to begin building on a former Mitsubishi factory in Normal, Ill., Next year.

The independent developed vehicles have a claim of up to 400 miles per charge, supercar-like acceleration and an air suspension that can raise them high enough to provide over a foot of ground clearance and the ability to pass through water a garden deep. Smart design features include a front trunk, a through-going storage box between the cab and the bed, a tailgate and a retractable tonneau cover.

The aim of Rivian is to offer luxury cars at a starting price of $ 69,000, and work with external companies to develop a level 3 autonomous driving facility that allows hands-free driving in some situations.

  Popstar Rihanna, whose boyfriend Hassan Jameel is vice president of rivian investor Abdul Latif Jameel Co., attended the company's November launch event in Los Angeles.

Popstar Rihanna, whose girlfriend Hassan Jameel is vice president of rivian investor Abdul Latif Jameel Co., attended the company's November launch event in Los Angeles.

The company was founded in Florida in 2009 by MIT engineering engineering graduate R.J. Scared to develop a hybrid electric sports car, but shifted focus on electric trucks a few years later. It has 700 employees today working in locations in California, Michigan, Illinois and the UK. Current backers include Abdul Latif Jameel Co., Sumitomo Corp. of Americas and Standard Chartered Bank.

FOX NEWS AUTOS INTERVIEW WITH R.J. SCARINGE:

The anonymous sources told Reuters that the investments would value Rivian between $ 1 billion and $ 2 billion.

Amazon has not commented on the report, but GM issued a statement saying "we admire Rivian's contribution to a future of zero emissions and an all-electric future", while a rival spokesman told Detroit News that "we respect GM's vision about the future of mobility, but has no immediate comment on this story. "

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GM is currently selling the battery-powered Chevrolet Bolt electric crossover and has promised to introduce 20 new all-electric models By 2023, so far confirmed that only one of them will be a Cadillac tool. Last week, Amazon participated in a $ 530 million investment round in autonomous driving tech company Aurora, and allegedly an internal team focused self-propelled systems.

This is an evolving story, check back for updates


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