Friday, December 17, 2021

Rivian Plans New Factory In Georgia

Irvine-based electric truck maker Rivian, which is still early on in its efforts to develop electric powered trucks, says it plans to set up a new factory in Atlanta, Georgia. The company announced the deal with Georgia Gov. Brian Kemp. Rivian--which has only produced a few electric pickup trucks so far, despite a recent IPO--will harvest a significant economic development package from Georgia for the factory. Terms of that incentive deal were not announced. Rivian plans to spend $5 billion on the new EV plant in Atlanta.