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Rivian wins massive incentive package for R2 vehicle production in Illinois

Teslarati

Rivian has won a massive $827 million incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will be used to expand the R2 production facility in Normal, Illinois. Rivian’s Georgia plant remains an extremely important part of its strategy to scale production of R2 and R3.

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Rivian R2 production, Kia EV3 debut date, Eli Zero: Today’s Car News

Baua Electric

Kia confirms the EV3 for production. Rivian revamps its Illinois plant for R2 production. Rivian is rejiggering the production capacity of its plant in Normal, Illinois, to accommodate up to 155,000 of its more affordable R2 SUVs annually. EVs are already having a big effect on gasoline demand.

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Rivian aims for 155,000 of its $45,000 R2 electric SUVs in Illinois

Baua Electric

Just after the reveal of its more affordable R2, R3, and R3X models in March, Rivian announced plans to rejigger its production capacity at its existing plant in Illinois, to accommodate the R2 electric SUV at that plant instead of an even larger one in Georgia that remains on the drawing board.

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Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. One of them, the Kia EV3, is expected to launch by the end of the year.

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Rivian lays off workforce for the second time in 2024

Teslarati

Ford postpones EV launches to focus on hybrid production Multiple car companies have mentioned a slowdown in EV demand and are considering hybrid production. Ford, General Motors, and Hyundai are a few automakers considering hybrid production in the United States.

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Rivian expected to layoff 6% of workforce following pressure from EV rivals

Teslarati

Rivian shelving Mercedes-Benz JV is a ‘head-scratcher:’ analyst The cuts are expected to affect 840 employees but will not affect manufacturing operations at its plant in Normal, Illinois. Some, including Tesla CEO Elon Musk , have criticized its plan to expand production. Rivian is down 3.17

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

Baua Electric

Rivian (RIVN) officially shut down production at its Normal, Illinois plant as the EV maker prepares for its next growth phase. Although the downtime is from April 5 to April 30, it will impact all four quarters as it scales production. Scaringe said the move will accelerate the R2 launch while saving the company $2.25

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