Rivian delays $5B Georgia EV plant to accelerate R2 launch, resulting in $2.25B in savings
Baua Electric
MARCH 7, 2024
Meanwhile, Rivian (RIVN) is delaying construction at its new $5 billion EV plant in Georgia, where the R2 was initially expected to be produced. Rivian to launch R2 at Normal EV plant, saving $2.25B Rivian introduced its more affordable R2 electric SUV Thursday during a launch event at its new Laguna showroom.
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