Amazon-backed EV startup Rivian is in preliminary discussions to bring a $5 billion manufacturing plant to Fort Worth, Texas, and several other locations.

EV startup Rivian is in preliminary discussions to build its $5 billion plant, the Senate gives approval to a budget amendment that would reduce eligibility for EV tax credits, and Nissan will close its Smyrna, Tennessee, plant for two weeks starting Aug. 16 due to the semiconductor chip shortage.