XM does not provide services to residents of the United States of America.

Fire at Rivian's Illinois plant damages multiple EVs, no injuries reported



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Fire at Rivian's Illinois plant damages multiple EVs, no injuries reported</title></head><body>

Aug 25 (Reuters) -A fire broke out at a parking lot at Rivian Automotive’s manufacturing facility in Normal, Illinois late on Saturdaydamaging many of its electric vehicles, the U.S.startup said on Sunday.

There were no reports of injuriesand the cause of the fire was being investigated, a company spokesperson told Reuters.

The fire was at a parking lot on the north side of the four-million-square-foot factory, located 130 miles (209 km) south of Chicago, and the assembly plant was unaffected, the Normal Fire Department said in a statement to Reuters.

Rivian RIVN.O did not confirm the number and type of vehicles affected.

Rivian, known for its R1S SUVs and R1T pickups, is expanding the Normal plant to produce its smaller, less expensive R2 SUVs that are expected to roll outin 2026 and seen as criticalto its success.

The company this year shut the plant down for three weeks for a major retooling that is meant to simplify manufacturing and slash costs.

The EV maker produces all its vehicles at the factory in Normal, with a second assembly plant planned in Georgia.

Last week, it temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com AMZN.O due to a shortage of parts but expects to recover all missed production.



Reporting by Abhirup Roy and Urvi Dugar; editing by Diane Craft

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.