EV Maker Rivian Plans to Spend $5 Billion on a 10,000-Acre Plant

  • Right after production of the R1T starts at Rivian’s Typical, Illinois, late this summer months, Rivian will split floor on a new facility, according to organization paperwork attained by Reuters.
  • The proposal phone calls for an initial financial investment of $5 billion and a 10,000-acre plot that would dwarf most factories, this sort of as BMW’s 1200-acre Spartanburg, South Carolina, plant.
  • Rivian is at present looking at creating on land to the east of Mesa, Arizona, and CEO R.J. Scaringe has already held talks with the governor of Arizona, in accordance to Reuters.

    Earlier this month, we reported that deliveries of the Rivian R1T electric powered pickup would be delayed right until September soon after originally remaining scheduled to start in July. Rivian has reported that the R1T, as well as the linked R1S electric SUV, will be constructed in Rivian’s manufacturing unit in Ordinary, Illinois, when revenue last but not least get underway. In accordance to a report from Reuters, the Amazon-backed startup is already arranging a second automobile assembly plant, with a organization document revealing that Rivian will devote $5 billion in the new facility. Rivian is also making electric commercial vans for Amazon.

    Although an early doc obtained by Reuters did not instantly recognize Rivian and claimed the plant would sit on a 2000-acre plot, the revised proposal divulges plans for a plant on a wide 10,000-acre property, which Rivian calls Venture Tera, Reuters said. Officers allegedly stated that acquiring a plot of land that massive would be a challenging endeavor, and if the manufacturing unit was developed to that dimension it would be much more than 8 moments much larger than BMW’s 1200-acre plant in Spartanburg, South Carolina, where by the German automaker crafted extra than 400,000 SUVs in 2019.

    The document also stated that Rivian aims to crack ground on the manufacturing facility in the fall of this yr, with output starting at the plant in the next quarter of 2023. Unsurprisingly, Reuters cited sources with expertise of the proposal as stating the programs are very likely pushed back by up to six months due to the pandemic. The manufacturing facility area has still to be verified, but Reuters’ resources pointed out land close to Gold Canyon, east of Mesa, Arizona, and said that Rivian CEO R.J. Scaringe has reviewed the proposal with Arizona Governor Doug Ducey. The firm by now has a presence in the spot, with a tiny engineering and test center in Wittmann, just north of Phoenix and about an hour’s travel from Mesa.

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