Rician Automotive, creating electric vehicles in Normal, has selected Georgia as the station of its second factory, according to a publicized report.
Bloom Berg reported on Friday that Rivian is intending to declare it has selected Georgia to build EVs and batteries, referring people familiar with the site choice process who don’t want to be identified until there’s a public news
The agreement is still to be approved by the company and government bureaucrats the report said. A Rivian agent did not instantly respond to a plea for comment about Bloomberg’s report.
Texas and Arizona were announced to be in the running for the factory. In mid-August, the Fort Worth, Texas City Council endorsed $440 million in tax halts contingent on Rivian meeting several objectives, encompassing employing at least 7,500 employees by the end of 2027.
Rivian rolled out electric R1T pickup trucks in September from its factory in Normal, and the company intends to manufacture electric R1S athletics utility vehicles by the end of this year.
Also, Amazon has contracted with the automaker to produce 100,000 electric delivery vans.
Rivian’s preliminary sale of company stock was deemed as the most productive IPO this year.
The stake price for Rivian, trading under the symbol RIVN on the NASDAQ exchange, was at $114.66 at Friday’s close and experienced a slight change in after-hours trading.