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Rivian's Georgia Facility To Be Ready In 2028, EV Exports To Foreign Markets After R2 Production Ramp, Says CFO

Benzinga LogoBenzinga1d ago

Rivian's Georgia Facility To Be Ready In 2028, EV Exports To Foreign Markets After R2 Production Ramp, Says CFO - Benzinga

Quick Summary:

Rivian Automotive Inc.(NASDAQ:RIVN) CFO Claire McDonough said on Tuesday that its Georgia facility, where it will manufacture its R2 and R3 vehicles, is slated to come online in 2028.

What Happened: Rivian is currently working on expanding its facility in Normal, Illinois, to start the production of its R2 vehicle in the first half of 2026.

However, the company halted construction of the plant in Georgia last year in a bid to cut costs and instead decided to launch R2 at its existing facility.The decision to ...


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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 10:40:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26677819

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 21 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #53

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