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Rivian construct up a stockpile of battery for its truck , SUV , and commercial vans before and after the election of Donald Trump , a scheme used to soften the blow of the president ’s tariffs , according toBloomberg News .
The caller apparently bought an undisclosed numeral of lithium iron phosphate batteries from Chinese house Gotion before the election . The batteries were for Rivian ’s rescue van , the mass of which are made for Amazon . After the election ( although it ’s not clear exactly when ) Rivian worked with Samsung SDI “ to move a big amount of electric battery inventorying to the U.S. from South Korea , ” Bloomberg reports .
The stockpile should avail bring down the pricing force per unit area have by Trump ’s auto tariff , which are applied to factor that car companies bring into the U.S. to use in vehicles . Trump altered those tariff this week , providing some relief compared to his original design of applying an across - the - board 25 % taxation on imported piece ; Trump ’s revised tariff plan willstill in all probability lead to cost wage hike on new cars .
