Market Chatter: Rivian Amassed EV Battery Stockpile From Asia Ahead of Trump Tariffs

MT Newswires Live

May 01, 2025

Rivian Automotive (RIVN) quietly built up a reserve of electric-vehicle batteries from Asia ahead of President Donald Trump's tariffs, Bloomberg reported Wednesday, citing people familiar with the matter.

The electric-vehicle automaker acquired a supply of lithium iron phosphate cells from Gotion High-Tech in China late last year before the US election, and more recently worked with Samsung SDI to shift a large amount of battery inventory to the US from South Korea, the people reportedly told Bloomberg.

Rivian did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 13.51, Change: +0.21, Percent Change: +1.58

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