Rivian is said to sit on a stock of batteries free from customs tariffs

Rivian has built a stock of batteries for its trucks, four -wheel drive vehicles and commercial trucks before and after the election of Donald Trump, a strategy used to alleviate the president’s tariff blow, according to what it said. Bloomberg News.

The company appears to have bought an unknown number of lithium -Gotion gun batteries from the Chinese company Gotion before the elections. The batteries were for the Rivian delivery trucks, which were manufactured for Amazon. After the elections (although it is not clear when Matthew) RIVAN worked with Samsung SDI “to move a large amount of battery stocks to the United States from South Korea,” according to Bloomberg’s reports.

Inventions should help reduce the pressure of pricing caused by Trump’s tariffs, which are applied to the components that automobile companies bring to the United States for use in vehicles. Trump has changed these definitions this week, providing some relief compared to his original plan to apply a 25 % tax on imported parts; Trump’s revised tariff plan will It is still possible that it will lead to high prices on new cars.