Rivian closing in on Georgia as location for second factory

Rivian has been seeking a location for a second factory for several months, and it looks like their search is leading them to Georgia.

The fledgling automaker, based in California and with a factory in Normal, Illinois, is already in late-stage discussions with the state.

According to sources familiar with the discussions that spoke with the Atlanta Journal-Constitution, the site Rivian has chosen is in an industrial area in Stanton Springs, about 45 miles east of Atlanta.

Rivian (RIVN) goes public and hits $100 billion valuation

Since the discussions are still ongoing, there is the possiblity the deal may never materialize. It is believed that the state is offering Rivian lucrative tax breaks to land the significant investment.

In 2018 Georgia offered Amazon $2 billion in incentives to secure the company’s second headquarters, which ultimately went to Virginia.

As expected, Rivian was quiet on the particulars of the discussions, but reaffirmed they are seeking a location for a second manufacturing facility and are still considering multiple locations.

“[Rivian] is in discussions with multiple locations as part of a competitive process for siting a second manufacturing facility. This may include Rivian being involved in certain public facing processes at potential locations. Involvement in these processes does not indicate a final decision,” the company said in a statement.

Georgia is already home to several other large automotive manufacturing facilities. Kia has a 2.2 million square foot facility in the state that produces 360,000 cars each year.

SK Battery Innovation is also building a $2.6 million electric vehicle (EV) battery plan near Commerce, Georgia.

Rivian R1T spotted in Vancouver, BC ahead of Canadian deliveries

 

Previous Article

LVCVA has no concerns on The Boring Company’s early Convention Center Loop performance stats

Next Article

University of Queensland partners with Teslascope to study if spare energy in Tesla car batteries could be used to support the grid

You might be interested in …

Tesla bitcoin

Tesla hints at increasing cryptocurrency holdings and return of Bitcoin payments in SEC filing [Update]

Earlier this year Tesla purchased $1.5 billion worth of Bitcoin, making the announcement in a regulatory filing with the Securities and Exchange Commission (SEC). Soon after the automaker began accepting the cryptocurrency as a method […]