Apple Considers Teaming Up With Rivian for Electric Car Project, Report Says
Written by Cláudio Afonso | Info@claudio-afonso.com | LinkedIn | X
Earlier this year, Apple scrapped its plans to launch an autonomous electric vehicle after more than a decade of development and a $10 billion investment, deeming the project unfeasible. However, the story might still have a new chapter.
DigiTimes reported on Monday that Apple is “assessing the possibility of teaming up with a certain US EV startup, and Rivian is a very likely candidate”.
The publication notes that there is “speculation among supply chains” that Apple is investigating teaming up with an EV startup bringing its autonomous driving research instead of making its own car.
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While the specifics of a potential collaboration remain uncertain, sources suggest Rivian is the frontrunner, according to supply chain insiders.
The report lacks further details, leaving unanswered questions about the nature of a partnership between Apple and Rivian, and whether Rivian would be receptive to such a deal.
Rivian received lsat week a $827M incentive package from the State of Illinois allowing the expansion of its plant in Normal.
The company stated that the funds “will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2”.
Volvo Cars announced on Thursday that its Chief Operating Officer (COO) and Deputy CEO, Javier Varela was leaving the company with immediate effect. One day later, Rivian announced that Varela is joining as COO starting from August.
Varela succeeds Frank Klein as to oversee operations including procurement, manufacturing, logistics and quality as Rivian continues to optimise “operational efficiencies, including the production of R2”.
Rivian will report its first quarter earnings on Tuesday after market closing.
Written by Cláudio Afonso | Info@claudio-afonso.com | LinkedIn | X
