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When will Rivian complete the first phase of Georgia factory?
2
Rivian Automotive•Advanced Technology Vehicle Manufacturing•Biden•Georgia•Stanton Springs North•Rivian•R2
Resolution / Starting Odds
Before June 30, 2026 • 25%
Between July 1, 2026 and December 31, 2026 • 25%
Between January 1, 2027 and June 30, 2027 • 25%
After June 30, 2027 • 25%
Official Rivian announcements or construction progress reports
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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Before December 2025 • 25%
Between December 2025 and June 2026 • 25%
Between June 2026 and December 2026 • 25%
After December 2026 • 25%
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Before December 2025 • 25%
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Between December 2026 and December 2027 • 25%
After December 2027 • 25%
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