Rivian is strategically stockpiling electric vehicle batteries to circumvent the potential impacts of increased import tariffs initiated during the Trump administration. By acquiring lithium iron phosphate (LFP) cells from Gotion High-Tech in China and nickel manganese cobalt (NMC) batteries from Samsung SDI in South Korea, Rivian aims to maintain its production momentum and avoid disruptions in its supply chain. This proactive tactic positions Rivian to better navigate the evolving automotive market as it prepares for future production of its R2 electric SUV, benefiting from a partnership with LG Energy Solution for U.S.-manufactured battery cells.
Rivian's proactive stockpiling of EV batteries from China and South Korea aims to navigate the challenges posed by import tariffs, ensuring a steady supply chain.
The company's strategy involved acquiring lithium iron phosphate and nickel manganese cobalt batteries to mitigate the impact of rising import duties on vehicle parts.
By securing a supply of high-voltage batteries ahead of time, Rivian is taking bold steps to maintain its production levels amidst an uncertain tariff environment.
Rivian's collaboration with LG Energy Solution for U.S.-made batteries foreshadows a future with greater capacity and a stable supply, alleviating concerns for the upcoming R2 SUV.
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