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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. It said that it is looking for a second factory in the US that will also be having battery cell production.

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Rivian EV maker raises $11.9 billion

Electric Vehicles India

It said that it is looking for a second factory in the US that will also be having battery cell production. The Rivian’s current factory in Illinois has a capacity for as many as 300,000 vehicles per year. Rivian last year also had raised another $1.3 launch in late 2020. starting in 2021.

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Rivian raised $2.5 billion looks for US EV factory 

Electric Vehicles India

It is looking for a second factory in the US that will also be having battery cell production. The Rivian’s current factory in Illinois has been rumoured to have a capacity for as many as 300,000 vehicles per year. Rivian automotive last year also has raised another $1.3 launch in late 2020.