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What will be the status of Rivian's Georgia factory by end of 2025?
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Resolution / Starting Odds
Fully operational • 25%
Under construction • 25%
Paused • 25%
Abandoned • 25%
Rivian's official announcements or credible news outlets
Story
Rivian Seeks Federal Loan from DOE to Restart $5 Billion Georgia EV Factory by 2028
Oct 4, 2024, 09:00 PM
Rivian has applied for a federal loan to resume construction of its $5 billion factory near Atlanta, Georgia. The construction of the plant, which is crucial for Rivian's long-term production plans, has been paused since March. The company is seeking the loan from the Department of Energy (DOE). If approved, the timeline for full production at the Georgia plant is now targeted for 2028. Rivian is struggling financially.
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DOE Loan Approved, Construction Resumed • 25%
DOE Loan Denied, Construction Resumed with Alternative Funding • 25%
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100,000 to 199,999 vehicles • 25%
200,000 to 299,999 vehicles • 25%
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Before December 2025 • 25%
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