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Rivian delays $5B Georgia EV plant to accelerate R2 launch, resulting in $2.25B in savings

Baua Electric

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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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits.

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Rivian wins massive incentive package for R2 vehicle production in Illinois

Teslarati

In March, Rivian unveiled the R2 and R3 midsize SUVs , its next vehicles that will be more affordable than its introductory R1T and R1S platforms. Rivian’s Georgia plant remains an extremely important part of its strategy to scale production of R2 and R3.

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59

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Tesla boosts its data collection team with hiring ramp for Prototype Vehicle Operators

Teslarati

Tesla also notes that Prototype Vehicle Operators must provide feedback and suggest ways to improve the company’s data collection processes. Tesla CEO Elon Musk recently stated in a post on X that the company will be unveiling its dedicated Robotaxi on August 8, 2024.

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Rivian (RIVN) officially shuts down Normal EV plant for upgrades as R2 creates a buzz

Baua Electric

The company is upgrading the facility to cut costs and improve efficiency as it looks to expand the brand. CEO RJ Scaringe explained the company was planning a shutdown to “implement a whole host of changes that introduced a dramatic cost reduction in materials costs” for its R1S and R1T models.

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Toyota and Net Impact announce 3 finalists of Next Generation Mobility Challenge

Green Car Congress

Project Mobius”: A company-sponsored employee transportation system for low-income individuals to help them acquire and retain jobs while boosting employee loyalty and reducing environmental impact. Sally Xia, Masters in Digital Media, Georgia Tech. Riley Keen, Masters in Industrial Design, Georgia Tech.

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