Rivian to announce Georgia EV factory

According to reporting by Bloomberg, Rivian is planning to announce a new EV plant in Georgia within the next week. The location will include both a vehicle-assembly facility and battery plant.

Previously, Rivian was considering sites in both Texas and Arizona. However, Georgia has won out. According to sources, although Georgia is the choice, Rivian has not yet signed an agreement with the state or location.

As per the reporting, Rivian will announce the plans for the new plant at an event on Thursday.

If the rumours are true, this would be a big win for Georgia. The state was an option for multiple plants over the past few years but never landed the investment. Multipole Asian and European automakers considered the state but opted for other locations. Currently, the state has a single automotive plant, a Kia assembly plant in West Point, Georgia.

However, Georgia successfully attracted SK Innovation who is building a $2.6 billion factory in Jackson County. The South Korean battery maker will be providing power sources for electric vehicles in the US market at the plant. The main client will be Ford, as the plant will provide power units for the Ford F150 Lightning.

Rivian declined to comment on the story.

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