Rivian is backed by Ford and Amazon
see photosRivian launched its R1T . has started production
Rivian, backed by Amazon and Ford, has now secured a massive stimulus package in the US worth $1.5 billion for a factory for EVs in Georgia. After Rivian began production of its EVs in December, it announced it was investing a whopping $5 billion for an EV factory in Georgia. Rivian has managed to negotiate a stimulus package with the store, which is valued at $1.5 billion if the investment by the company is fully completed within a period of 25 years.
“The Georgia Department of Economic Development (GDEcD), in partnership with the Joint Development Authority (JDA) of Jasper County, Morgan County, Newton County, and Walton County, announced that the Economic Development Agreement has been signed by the JDA, the State of Georgia, and Rivian to move forward on the company’s $5 billion Georgia project, which will create 7,500 jobs in Stanton Springs North with an average salary of $56,000. Rivian also released an updated site rendering and site plan for its carbon-conscious campus I-20, east of Atlanta. The JDA approved the agreement in a meeting on April 26,” the press release said.
The delivery window has been pushed back to between May and July at the earliest.
“Rivian is a historic victory for Georgia, not only placing our great state at the forefront of the electric vehicle revolution but also a significant victory for the four-county JDA. We are now looking forward to being able to share more of this incredible benefits.” We are thrilled for what the project is bringing to the region and couldn’t be more aware of the positive impacts this project will have on families, schools and communities. Rivian will not only employ thousands of Georgians with well-paying jobs of the future , rather they will be a welcome new addition to Georgia’s business community,” said Pat Wilson of the Georgia Department of Economic Development Commissioner.
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One of the ideas for incentives is to keep the project on time. Rivian originally planned to start construction in the summer of 2022 and production of the new electric cars will begin in 2024. Its plans in the past have revealed 20 million square feet of buildings, a test track and even an adventure route. Facility.
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