FILE PHOTO: R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake
AUSTIN, Texas (Reuters) - Amazon.com Inc backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.
The Fort Worth offer is part of a larger bidding war by state and local officials, particularly in the southern United States, as newer players take on incumbents in a race to develop EVs.
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