Rivian Restarting Georgia EV Factory Construction with $5B Investment

Rivian is restarting construction on its $5 billion Georgia electric vehicle factory with two events in September. The factory, expected to start production in 2028, will have an annual capacity of 200,000 units. Rivian had halted construction in March 2024 to save money but secured a $6.6 billion Department of Energy loan in January. The company is also opening a new East Coast headquarters in Atlanta that will employ 500 workers.

Electric vehicle (EV) manufacturer Rivian has announced plans to resume construction on its $5 billion manufacturing plant in Social Circle, Georgia. The company has scheduled two events in September for the ceremonial groundbreaking and community celebration, with production slated to begin in 2028 [1].

The plant, originally announced in 2021, has faced delays and cost-cutting measures. In March 2024, Rivian paused construction to save money and instead shifted production of its forthcoming R2 SUV to its existing plant in Normal, Illinois [2]. However, the company secured a $6.6 billion loan from the U.S. Department of Energy in January 2025, which has enabled it to restart the Georgia project [3].

The Georgia facility is planned to be built in two phases, each adding production capacity for 200,000 vehicles. The plant will have an annual capacity of 400,000 units when fully built out. Rivian is also opening a new East Coast headquarters in Atlanta, which is expected to employ 500 workers and support the company's operations in the state [4].

The project has drawn political debate, with Republican critics questioning the size of federal support, while Democratic leaders have lobbied heavily for the incentives. Despite the controversy, local development officials say Rivian's commitment to jobs and growth in the region remains secure [2].

References:
[1] https://www.enr.com/articles/61200-rivian-to-resume-construction-of-5b-georgia-ev-plant-in-2026
[2] https://www.cbtnews.com/rivian-revives-5b-georgia-ev-factory-pledges-7500-jobs/
[3] https://www.covnews.com/news/rivian-slated-go-vertical-stanton-springs-plant-2028-receives-66-billion-commitment-us-government-1/
[4] https://finance.yahoo.com/news/rivian-announces-atlanta-headquarters-101700671.html