Rivian Stockpiled EV Batteries From Asia Before Trump Tariffs
- Rivian stockpiled lithium iron phosphate and nickel manganese cobalt EV batteries from China and South Korea late last year in the United States ahead of new tariffs.
- The stockpiling aimed to mitigate effects from Trump administration tariffs on vehicles and components that disrupted the auto industry and raised costs.
- Rivian worked with Gotion High-Tech for LFP cells mostly used in delivery vans and Samsung SDI for NMC cells used in consumer EV pickups and SUVs.
- CEO RJ Scaringe said tariff policies significantly influence decisions and Rivian covered shipment costs upfront while building a strategic battery reserve.
- Rivian’s strategy helped sustain production through tariff uncertainties and supports upcoming models built at its Illinois plant with new battery deals.
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Total News Sources12
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
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C 25%
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