Amazon-backed electric vehicle startup in talks to build $5bn factory
Rivian Automotive, the electric-vehicle startup backed by Amazon.com, is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News.
The factory - codenamed "Project Tera" according to the document - would be able to produce 200 000 vehicles a year and would create at least 7 500 jobs by 2027. The presentation, made by the City of Fort Wort