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Rivian Gets Nearly $1 Billion to Help Expand Operations in Illinois
In early March, Rivian paused construction of a planned $5 billion electric truck plant in Georgia. The cost-cutting measure hoped to speed production, particularly of the company's midsize SUV, the R2, which will now be made at its existing plant in Normal, Illinois.
To help make it happen, Rivian last Tuesday announced an incentive package worth $827 million from the State of Illinois Department of Commerce & Economic Opportunity. The funds will help expand operations in Normal, improve public infrastructure and boost job training programs for Rivian's workforce. All in an effort to help get R2 production up and running and get the electric SUV on the market.
Download and listen to the audio version below and click here to subscribe to the Today in Manufacturing podcast.
In early March, Rivian paused construction of a planned $5 billion electric truck plant in Georgia. The cost-cutting measure hoped to speed production, particularly of the company's midsize SUV, the R2, which will now be made at its existing plant in Normal, Illinois.
To help make it happen, Rivian last Tuesday announced an incentive package worth $827 million from the State of Illinois Department of Commerce & Economic Opportunity. The funds will help expand operations in Normal, improve public infrastructure and boost job training programs for Rivian's workforce. All in an effort to help get R2 production up and running and get the electric SUV on the market.
Download and listen to the audio version below and click here to subscribe to the Today in Manufacturing podcast.