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Published 2 months ago

Rivian delays $5B Georgia EV plant to accelerate R2 launch, resulting in $2.25B in savings

Summary by Ground News

Rivian will begin building its new R2 electric SUV at its Normal, Illinois facility to accelerate the launch. Meanwhile, Rivian is delaying construction at its new $5 billion EV plant in Georgia, where the R2 was initially expected to be produced. Rivian said the move will save around $2.25 billion, a significant amount of capital the EV maker can use.

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Rivian delays $5B Georgia EV plant to accelerate R2 launch, resulting in $2.25B in savings

The EV maker will begin building its new R2 electric SUV at its Normal, Illinois facility to accelerate the launch....

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