Rivian to relocate workers to Illinois EV plant to speed up manufacturing – WSJ



(Reuters) – Rivian Automotive Inc is relocating elements of its manufacturing engineering workforce to Illinois to hurry up manufacturing, the Wall Road Journal reported on Friday, citing an individual accustomed to the matter.

The reorganization, anticipated to be introduced quickly, would imply these engaged on manufacturing engineering can be requested to relocate to central Illinois or its headquarters in Irvine, California, based on the WSJ report.

“By way of ramping manufacturing, it is useful to have the manufacturing and engineering groups nearer to our services in Regular in addition to our headquarters in Irvine,” a Rivian spokesperson advised Reuters, however declined to substantiate if the corporate was relocating groups.

Rivian, which makes R1T electrical pickup vans and R1S SUVs at its manufacturing facility in Regular, Illinois, in February forecast 2023 manufacturing under analysts’ expectations because it grapples with lingering provide chain snarls.

The electrical-vehicle maker has been dropping cash on each automobile it builds, and narrowly missed its annual manufacturing goal of 25,000 items final yr.

Buyers have been unnerved by weakening demand for EVs as rate of interest hikes and fears of a looming recession creep in.

(Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Modifying by Shilpi Majumdar)