The EV manufacturer expects to begin construction on the Georgia facility in summer 2022 with an aim to launch production in 2024
Rivian has selected the US state of Georgia as the location for its second electric vehicle (EV) manufacturing plant, which is planned to involve an investment of $5bn.
The Amazon-backed EV company intends to build a carbon-conscious campus east of Atlanta, in the Morgan and Walton counties.
Previously, Rivian had plans to build the EV manufacturing plant in Fort Worth, Texas.
The 2,000-acre site in Georgia is said to have been selected based on logistics, renewable energy production, environmental impact, as well as availability and quality of talent.
Rivian chief people officer Helen Russell said: “We’re happy to partner with Georgia on our new manufacturing site, which will build our next generation of products that are important for scaling our business. Our work together is driven by a compelling purpose and rooted in building a highly collaborative environment that creates a true sense of belonging.
“We’re excited for Georgians to bring their creativity and ideas to Rivian.”
The company expects to break ground on the Georgia facility in summer 2022 with an aim to begin production in 2024. After its ramp-up, the facility will be capable of producing up to 400,000 EVs per annum.
Rivian said that its second EV manufacturing factory will eventually have more than 7,500 workers.
The company’s first manufacturing plant is located in Normal, Illinois. Recently, it secured approval for a 623,000ft² expansion, which will take its total footprint to nearly four million ft².
The expansion will enable the company to extend warehouse, storage, and production capacity onsite at the Normal plant.
Last month, Rivian went public through one of the largest initial public offerings (IPO) ever on a stock exchange in the US. The company started trading on the Nasdaq at nearly $78 per share with an overall valuation of nearly $80 billion.