Rivian planning on $5bn factory plant in Georgia – with insight from The Wall Street Journal

Electric carmaker Rivian plans on building a second US-based manufacturing facility next year, based in the southern state of Georgia. This, says The Wall Street Journal, shows the company is placing ahefty bet on its ability to steadily increase sales in the coming years. The $5bn manufacturing investment follows in Rivians November IPO, where it raised $13.5bn in fresh capital. According to the company, the new factory plant will have a yearly capacity of 400,000 vehicles with 7,500 jobs. – Jarryd Neves

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Electric-Truck Startup Rivian Plans New $5 Billion Factory Complex in Georgia

The manufacturing facility, the company’s second in the U.S., is expected to start production in 2024

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