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Rivian to build new $5 billion electric vehicle factory in Georgia

Electric Vehicles India

The company has also announced that it is expanding production at its Illinois factory from 150,000 units a year to over 200,000 and expects annual production at the Georgia factory will be nearly double at 400,000 vehicles a year. Rivian has been able to raise billions of funds privately from the companies such as Ford and Amazon.

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Rivian EV maker raises $11.9 billion

Electric Vehicles India

According to the company’s statement Rivian’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on November 10, 2021, under the ticker symbol “RIVN.” The company has also confirmed that is looking for a location for a second electric vehicle factory in the US. In July, Rivian had raised $2.5

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Rivian raised $2.5 billion looks for US EV factory 

Electric Vehicles India

Rivian an American electric vehicle automaker and automotive technology company has raised $2.5 The company has also confirmed that is looking for a location for a second electric vehicle factory in the US. Rivian has been able to raise billions of funds privately from the companies such as Ford and Amazon. launch in late 2020.