Rivian to unveil R2 crossover EV to be constructed at future Georgia manufacturing facility

The location alongside I-20 in southern Walton and Morgan counties has undergone grading for a while, and the California-based startup is anticipated to start vertical development early this yr. The state Division of Transportation can also be engaged on a number of associated highway development initiatives, together with a brand new freeway interchange.

Rivian introduced plans for the manufacturing facility in late 2021, with an unique opening date deliberate for this yr. However the opening has since been pushed again to 2026. The corporate was wooed to Georgia with a $1.5 billion bundle of incentives, together with tax breaks, free land, employee coaching and different inducements from state and native officers. In return, Rivian has promised to rent 7,500 staff.

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Rivian at the moment operates a manufacturing facility in Illinois the place it builds the R1T truck, the R1S SUV and an electrical supply van. The R2 will probably be constructed completely in Georgia. Initially, Rivian has mentioned the Georgia manufacturing facility will have the ability to manufacture 200,000 automobiles a yr.

Credit score: arvin.temkar@ajc.com

Credit score: arvin.temkar@ajc.com

Section 2 of the Georgia plant may have the capability to construct 200,000 extra models annually — or 400,000 models yearly. It’s unclear if that may be solely models on the R2 line or different future fashions.

Late final yr, Rivian opened a storefront at Ponce Metropolis Market to showcase its automobile lineup, equipment and model.

Rivian faces steep competitors from the likes of Tesla in addition to conventional auto producers which are rolling out electrical fashions, notably within the common SUV and crossover segments. Porsche, which has its North American headquarters in Atlanta, as an illustration, not too long ago unveiled all-electric variations of its common Macan SUV which are obtainable for order now and can begin supply later this yr.

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The corporate has but to show a quarterly revenue because it launched. Excessive rates of interest, provide chain points and different challenges have hampered Rivian the previous two years, however the firm has mentioned it’s working by way of these points and goals to achieve profitability by the tip of this yr.

Rivian is scheduled to launch earnings for the fourth quarter of 2023 and for that full yr on Feb. 21.

Cox Enterprises, which owns The Atlanta Journal-Structure, owns a few 4% stake in Rivian.


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