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What models will Rivian produce at Georgia factory by end of 2026?
2
Rivian Automotive•Advanced Technology Vehicle Manufacturing•Biden•Georgia•Stanton Springs North•Rivian•R2
Resolution / Starting Odds
Only R2 SUV • 25%
Only R3/R3X crossover • 25%
Both R2 SUV and R3/R3X crossover • 25%
Other models • 25%
Rivian's official announcements or automotive news outlets
Story
Rivian Wins Conditional $6.6 Billion Loan Backed by Biden for Georgia EV Factory
Nov 26, 2024, 11:33 AM
Rivian Automotive has received preliminary conditional approval for a $6.6 billion loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) program. The loan, backed by the Biden administration, will support the construction of a new electric vehicle manufacturing facility in Georgia, which had previously been paused due to production challenges and financial constraints. The factory, located in Stanton Springs North, is expected to produce Rivian’s midsize platform, including the R2 sport utility vehicle and the R3/R3X crossover. The facility will be built in two phases, each with an annual capacity of 200,000 vehicles. This federal loan is part of the Biden administration’s efforts to bolster the electric vehicle industry and advance climate policies.
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Similar markets
One model • 25%
Two models • 25%
Three models • 25%
More than three models • 25%
Less than 100,000 vehicles per year • 25%
100,000 to 200,000 vehicles per year • 25%
200,000 to 300,000 vehicles per year • 25%
More than 300,000 vehicles per year • 25%
Full Production Achieved • 25%
Partial Production Achieved • 25%
No Production Achieved • 25%
Facility Repurposed • 25%
Fully operational • 25%
Under construction • 25%
Paused • 25%
Abandoned • 25%
R2 sport utility vehicle • 33%
R3 crossover • 33%
R3X crossover • 34%
200,000 vehicles • 25%
400,000 vehicles • 25%
Less than 200,000 vehicles • 25%
More than 400,000 vehicles • 25%
DOE Loan Approved, Construction Resumed • 25%
DOE Loan Denied, Construction Resumed with Alternative Funding • 25%
Construction Remains Paused • 25%
Project Cancelled • 25%
Before December 2025 • 25%
Between December 2025 and December 2026 • 25%
Between December 2026 and December 2027 • 25%
After December 2027 • 25%
Illinois Facility • 25%
Georgia Facility • 25%
Another US Location • 25%
International Location • 25%
