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Rivian’s reportedly sitting on a stockpile of tariff-free batteries
Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans before and after the election of Donald Trump, a strategy used to
Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans before and after the election of Donald Trump, a strategy used to soften the blow of the president’s tariffs, according to Bloomberg News. After the election (although it’s not clear exactly when) Rivian worked with Samsung SDI “to move a large amount of battery inventory to the U.S. from South Korea,” Bloomberg reports. The stockpiles should help reduce the pricing pressure caused by Trump’s auto tariffs, which are applied to components that car companies bring into the U.S. to use in vehicles.
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