Rivian Plans to Build $5B Electric Truck Plant in Georgia

Electric vehicle maker Rivian Automotive will declare openly On Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s cast to employ 7,500 workers, sources briefed on the conclusion said The Associated Press.

Rivian, established in Irvine, California, is a startup plant of electric trucks and commercial delivery vans, challenging both predominant automakers like Ford and General Motors and electric vehicle leader Tesla.

The plant could thrive to as many as 10,000 workers, sources said, which would make it among the substantial auto assembly networks in the United States, competed by behemoths such as the 11,000-worker BMW complex in Spartanburg, South Carolina, and Ford Motor’s 8,600-worker plant in Louisville, Kentucky.

Rivian will be the biggest industrial news in Georgia history, surpassing the 4,400-worker Kia complex that opened in West Point in 2009. Georgia has had several failed auto plant recruitments. Rivian will give Georgia Gov. Brian Kemp another point to strengthen his claims that he has been an outstanding manager of Georgia’s economy, even as faces Republican and Democratic rivals when he runs for reelection next year.

The city of Fort Worth, Texas, offered Rivian a $440 million incentive package to attract the plant during the summer, while published reports indicate Rivian also considered sites in Arizona and Michigan.

Rivian informed Fort Worth its plant would make 200,000 vehicles per year, with workers paid at least $56,000 a year.
Founder and CEO Robert Scaringe let out to Bloomberg Television in November that the ability to recruit good workers was the most significant factor in the decision. Rivian’s existing plant in Normal, Illinois, like most auto plants that have opened in recent decades, is not unionized.

Georgia officials are uncertain to detail the full incentive package proposed to Rivian on Thursday, but the company could max out what Georgia calls its “mega project tax credit,” for companies that hire at least 1,800 people or invest at least $450 million. That could be worth $118 million in state income tax credits. Local governments are apt to reduce estate taxes.
Rivian, like Tesla, deals with its clients directly Rather than through merchants. Its arrival in Georgia could prompt the state to loosen a law that mostly restricts manufacturers from selling directly.

Rivian presently plans two models for its consumption, the R1T pickup with a base price of $67,500 and the R1S SUV, with a base price of $70,000. The truck lately named Motor Trend’s 2022 truck of the year.
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Shella Lum
Lum Shella is an author for thevolter.com. She mainly covers electric vehicles and renewable energy.

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