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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. We look forward to continuing our close partnership and building upon the success we have enjoyed.”

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Rivian executive reveals massive cost-savings from re-tooling Illinois plant

Teslarati

Rivian has debuted its latest generation of the R1T pickup and R1S SUV, and CEO RJ Scaringe recently told one publication about the company’s massive cost-savings efforts in recent months, following the retooling of its Illinois factory.

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Rivian gets $827m incentives to expand Normal, Illinois factory for R2

Baua Electric

Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal. Rivian’s Normal, Illinois plant is where it builds the R1S and R1T. But the plant is also set to produce the R2 SUV , a smaller upcoming EV which is set to release in the first half of 2026.

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

Electrek

The EV maker will begin building its new R2 electric SUV at its Normal, Illinois facility to accelerate the launch. Meanwhile, Rivian (RIVN) is delaying construction at its new $5 billion EV plant in Georgia, where the R2 was initially expected to be produced. The delay is not expected to be significant.

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Rivian aims to start EV production in Georgia in 2027

Baua Electric

Rivian applied for a federal loan to build its Georgia plant The loan application states Rivian will begin partial operations in Georgia in 2027 Rivian intends to build the R2 and R3 electric SUVs in Georgia Rivian has applied for a U.S. billion and speed up the start of production by moving the R2 to Illinois, Reuters notes.

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

Electric Vehicles India

Rivian to build new $5 billion electric vehicle factory in Georgia. Rivian an Amazon-backed electric vehicle maker has announced a new $5 billion electric vehicle factory in Atlanta, Georgia. The electric automaker will start its production at the new plant in 2024. It will be the second factory in Georgia.

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Rivian R2 bows: $45,000, over 300 miles, the future of the SUV?

Baua Electric

The Rivian R2 is two years away, but with the debut of an R2S in prototype form Thursday, it’s clear this electric SUV will arrive with a proposition unlike any EV yet: A boxy silhouette, rugged off-road chops, a range easily topping 300 miles, and a target price effectively below today’s average new-vehicle price, regardless of the fuel.

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