Overview

• 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.