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Rivian To Build $5 Billion Electric Vehicle Plant In Georgia

Rivian will be building a $5 billion Valued Electric Vehicle plant in Georgia, as the startup ramps up vehicle production.  This will be the second plant owned by the startup, as it currently building its vehicles in Normal, Illinois.

2022 Rivian R1T First Drive Review: Tech for the Trail | Digital Trends

The company made the announcement that it would begin construction at the new plant in 2022 and most likely start production there by 2024. The startup which recently went public has a lot of cash for expansion.

Rivian Wants to Bring Electric Trucks to the Masses | WIRED

It has secured funding from Amazon, Ford, and its recent to speed its expansion plans. The new plant will most likely build 100,000 custom made vans for Amazon.

Another electric utility vehicle Startup Canoo will build its electric vehicles at an Oklahoma factory in 2023. It currently has electric vans among its target market, with a wide range of utility features.

Canoo Electric Van
Electric van

 

The California startup announced its plan to build electric vehicles at a new factory outside of Tulsa, Oklahoma. The startup claims the new factory will create “more than 2,000 jobs” when opened.

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The EV startup has plans to build the facility on a 400-acre site at the MidAmerica Industrial Park complex in Pryor, Oklahoma. According to Canoo, it will have a paint shop, body shop, and general assembly plant.

Canoo calls this new facility a “mega micro-factory”. The Ev startup went public at the closing of 2020, raising close to $600 million. Its first vehicle, an electric van was first announced in 2019, will be produced by the end of 2022.

Canoo
Electric Van

 

Rivian’s new proposed plant would employ about 7,500 workers for this new plant. It has a lot of demands for its vehicles, there are 55,000 preorders for its R1T and R1S altogether. How fast they will match its increasing demand with supply it has to build more plants in the future and fast.

 

 

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