EV maker Rivian denies media report on production talks with VW

SAN FRANCISCO (Reuters) -Rivian denied a media report on Tuesday that said the U.S. electric vehicle company was in early talks with Volkswagen to increase their partnership beyond a recently announced software three way partnership.

Shares of Rivian dipped 1.5% in prolonged trade.

German newspaper Handelsblatt reported, citing people aware of the matter, that an prolonged partnership might include producing Rivian’s smaller and cheaper R2 SUV at VW’s South Carolina plant, which is currently being built and where it up to now plans to provide Scout-branded SUVs and pickups from 2026.

Rivian said it had not modified its plans to start out producing the R2 at its manufacturing facility in Normal, Illinois, followed by production at a planned Georgia plant.

“There are not any plans for production of vehicles with Volkswagen Group,” a Rivian spokesperson said in an email to Reuters.

Volkswagen declined to comment, saying its clear focus was on the proposed three way partnership with Rivian. Its U.S. brand Scout didn’t immediately reply to a request for comment.

(Reporting by Abhirup Roy in San Francisco and Victoria Waldersee in BerlinAdditional reporting by Noel Randewich in Oakland, CaliforniaEditing by Matthew Lewis)

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