Rivian wants to secure the supply of batteries to make its electric models, now that production and deliveries have finally started and that intends to make the company public in style.
The US start-up wants to “complement the acquisition of external cells and guarantee continuity of supply”, and has already started to introduce new capabilities in its value chain.
Own batteries, but with Samsung SDI
In the paperwork requested by the Securities and Exchange Commission to allow Rivian to go public, the company has revealed its plans to manufacture its own batteries and expand production beyond the US.
The plan is to establish internal battery cell manufacturing capabilities without giving up external suppliers, such as South Korea’s Samsung SDI.
Rivian will initially focus on the US and Canadian markets, but assures it plans to “enter the Western European markets in the short term, followed by entry into the main Asia-Pacific markets.”
Finally, the first units of your R1T started to leave the factory last september.
At the moment it is in talks to invest at least 5,000 million euros in a new factory in Texas, with a production capacity of 200,000 vehicles per year.
The company, led by RJ Scaringe, has also mentioned plans to offer a variety of software-based services from its Rivian Cloud platform, including fleet management services for commercial vehicles.
After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal! Our team’s collective efforts have made this moment possible. Can’t wait to get these into the hands of our customers! pic.twitter.com/8ZidwTaXRI
— RJ Scaringe (@RJScaringe) September 14, 2021
Most car manufacturers are already studying how to cover more and more steps within the electric car value chain so as not to depend on third parties.
The obtaining and processing of raw materials is joined by the long-awaited own manufacture of batteries in addition to their recycling. In this sense, Tesla revealed a few months ago some details about your plan to recover about 92% of the materials of battery cells with its own recycling process, in its own plant.
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