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Rian Scaringe, founder and CEO of Rivian Automotive Inc., presented R1T electric pickup, left and R1S electric sports car (SUV) via AutoMobility LA against Los Angeles Auto ". Los Angeles, California.
Amazon and General Motors are negotiating to invest in a Rivian Automotive transaction that will estimate a US $ 2 to $ 2 billion power lift manufacturer. Tuesday
This deal would give Amazon and General Motors minority shareholdings in Rivian. It would be a big incentive for Plymouth, Michigan-based start-up, to become the first US car maker with an electric reception.
If negotiations are successful, the agreement could be published already, said sources asking them not to be identified because the issue is confidential. There is always a chance that negotiations are going on, sources are warned.
Amazon, General Motors, and Rivian did not respond immediately to comments.