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The company, which is also backed by Ford Motor (NYSE:F) Co, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report https:// added.
The talks are not yet at an advanced stage and any investment decision is likely to be ultimately worth well over 1 billion pounds ($1.39 billion), the report said, citing sources.
Rivian, seen as a potential rival to Tesla (NASDAQ:TSLA) Inc, said this month it expects to begin first deliveries of its R1T pick-up truck in September and its R1S SUV in the autumn.
($1 = 0.7191 pounds)
