Written by Cláudio Afonso | LinkedIn | X
Rivian has secured conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to finance the construction of its electric vehicle manufacturing plant in Georgia, the company announced on Monday.
The EV maker, led by RJ Scaringe, plans to begin production in 2028 with an annual capacity of 200,000 vehicles. The second phase will enable Rivian to add another 200,000 units, bringing the total production capacity in Georgia to 400,000 vehicles per year.
The company expects to create “approximately 7,500 operational jobs by 2030” in Georgia, in addition to an estimated 2,000 full-time construction jobs.
Rivian’s founder and CEO said in a statement the loan “would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability.”
“A robust ecosystem of U.S. companies developing and manufacturing EVs is critical for the U.S. to maintain its long-term leadership in transportation,” RJ Scaringe added.
Rivian is preparing to integrate Google Cast in its next update, the company’s Chief Software Officer Wassym Bensaid revealed in an event held at Rivian’s Venice showroom.
In May, the electric vehicle maker announced the arrival of both apps, aiming to “seamlessly bring your favorite entertainment right into your R1’s center display.” In the 2024.47 update, Rivian will allow users to browse, search, and play videos directly on their vehicle’s display through a dedicated YouTube tab.
Last week, the electric vehicle maker announced the former Stellantis veteran Krishna Bandaru as its new Vice-President of Manufacturing Engineering. Bandaru will lead the team to improve productivity, increase manufacturing efficiency, optimize capital expenditures, and reduce launch time.
Written by Cláudio Afonso | LinkedIn | X
