12.10.2021Rivian wants to set up its own battery production
US electric car start-up Rivian Automotive wants to produce its own battery cells, although it does not want to do without purchased cells altogether, as stated in the company’s application for the planned IPO.
By setting up its own capacities for the production of battery cells, Rivian wants to “supplement external cell procurement and ensure supply continuity”. And preliminary work is apparently underway already.
“Given the paramount importance and impact of the battery system on vehicle range, performance, and price, we have built in-house capabilities across the entire value chain,” according to Rivian.
“Over time, we intend to expand our capabilities related to proprietary cell development and in-house cell manufacturing and expect that these functions will grow substantially in the coming years.”
Having its own battery production would align with Rivian's current strategy of vertical integration. The company is already trying to develop and – in the case of hardware – manufacture as many components as possible in-house, such as the electric drive systems, inverters, power electronics and software. Owned charging networks in the style of Tesla’s Superchargers are also planned, as well as direct sales.
In April, the electric car manufacturer selected Samsung SDI to supply the battery cells for its first two models. It is not known whether the in-house production will be done in partnership with Samsung SDI or completely independently.
Over the summer, there were also rumours that Rivian was planning a second US plant under the name ‘Project Tera’, which would not only produce vehicles but also battery cells. According to the information at the time, the capacity was to be gradually expanded to up to 50 GWh.