Rivian's reportedly sitting on a stockpile of tariff-free batteries

Group 1 - Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans to mitigate the impact of tariffs imposed by the Trump administration [1] - The company purchased an undisclosed number of lithium iron phosphate batteries from Chinese firm Gotion for its delivery vans, primarily made for Amazon [2] - After the election, Rivian collaborated with Samsung SDI to transfer a significant amount of battery inventory from South Korea to the U.S. [2] Group 2 - The stockpiles are expected to alleviate pricing pressure resulting from Trump's auto tariffs, which affect components imported into the U.S. for vehicle production [3] - Trump's recent tariff adjustments provide some relief compared to the initial 25% tax on imported parts, although price increases on new cars are still anticipated [3]