Rivian Secures $827 Million From Illinois for Expansion, Boosts Job Creation

The electric vehicle maker plans a $1.5 billion investment in its Normal, Illinois plant, adding over 550 jobs to produce the new R2 model.

Rivian receives $827 million in state incentives to expand its Normal, Illinois facility, originally aiming to produce the R2 model.
The investment is part of a strategic shift after pausing a planned $5 billion plant in Georgia, which is expected to save Rivian $2.25 billion.
More than 550 new jobs will be created at the Normal plant, with production of the R2 slated to start in 2026.
The expansion will increase the plant's capacity to 215,000 vehicles per year, supporting Rivian's growth in the electric vehicle market.
Rivian's stock rose nearly 7% following the announcement, despite a broader slowdown in EV sales.