Rivian Delays Georgia Plant Production to 2028, Seeks Federal Loan
The electric vehicle maker aims to save costs by initially producing its R2 models in Illinois while applying for federal assistance to resume Georgia plant construction.
- Rivian plans to start limited production of its R2 SUVs in Illinois in 2026, with mass production in Georgia postponed until late 2028.
- The company has applied for a loan from the U.S. Department of Energy to support the construction of its Georgia plant, which was paused earlier this year.
- Rivian's Georgia facility is projected to have a capacity of 400,000 units annually once fully operational, contributing to its global expansion strategy.
- Despite receiving $1.5 billion in state incentives, Rivian seeks additional federal funding to manage its financial challenges and market competition.
- Rivian's revised production targets for 2024 are lower than previous figures, reflecting ongoing supply issues and market pressures.
Reason.com 
Electrek 