Rivian strategically built a stockpile of batteries for its vehicles in response to President Trump's tariffs on imported auto components. The company procured lithium iron phosphate batteries from the Chinese firm Gotion pre-election and later coordinated with Samsung SDI to transfer a significant amount of inventory from South Korea to the U.S. This proactive approach aims to alleviate the cost pressures imposed by tariffs, despite the new structure still likely causing price increases for new vehicles.
Rivian's strategic stockpile of batteries is designed to mitigate the impact of Trump's tariffs on vehicle components, ensuring competitive pricing in the U.S. market.
Before and after the election, Rivian secured batteries from Gotion and collaborated with Samsung SDI to relocate battery inventory, addressing tariff-related cost pressures.
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