“This loan will help us accelerate the launch of our Georgia plant for R2 and R3, providing thousands of jobs in the state,” Rivian CEO RJ Scaringe said in January when the Biden administratio ...

Over a century ago, American ingenuity put the world on wheels and made America the global leader in automotive manufacturing ...

Rivian unveiled its new R2 platform in 2024. It's a critical vehicle for Rivian's business. It should bring the brand to a ...

Of which, $100 million was from auto ... Rivian plans to begin R2 production in Normal early next year, but it expects to significantly scale up with its new manufacturing plant in Georgia.

Rivian is ready to restart construction of its East Georgia plant. They company confirmed that it is getting a new federal loan that will give the auto maker a jump start. Rivian confirms it is ...

noting that the company plans to create 7,500 manufacturing jobs at the planned Georgia plant. She said later in the call that Rivian is planning to take a hit as big as “hundreds of millions ...

The German auto giant will invest up to $5.8 billion ... Uncertain Federal Loan for Georgia Plant: In late 2024, Rivian secured a $6.6 billion loan from the U.S. Department of Energy to build ...

In the final few days of the Biden administration, the government approved a huge loan of $6.6 billion to EV startup Rivian for the construction of its long-planned manufacturing plant in Georgia.

Electric car maker ... same period, Rivian also managed to remove $31,000 of automotive cost of revenue per vehicle. In the fourth quarter, Rivian produced 12,727 vehicles at its plant in Normal ...

In Georgia alone, the electric vehicle and battery industry has announced 34,000 direct jobs since 2021 stemming from more than $24 billion in announced investments from companies like Rivian ...