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Market
Which model will be the first produced at Rivian's Georgia plant?
2
Resolution / Starting Odds
R2 sport utility vehicle • 33%
R3 crossover • 33%
R3X crossover • 34%
Official production announcements from Rivian
Story
Rivian Secures Conditional $6.6 Billion DOE Loan for Delayed Georgia EV Plant
Nov 26, 2024, 06:59 AM
Rivian Automotive has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build a new electric vehicle manufacturing plant in Stanton Springs North, Georgia. Announced by the Biden administration on Tuesday, the loan comes from the Department's Advanced Technology Vehicle Manufacturing program and will support the construction of Rivian's delayed facility. The plant, which will be built in two phases with each phase capable of producing 200,000 vehicles annually, will manufacture Rivian's midsize platform, including the upcoming R2 sport utility vehicle and R3/R3X crossover. The conditional commitment enables Rivian to proceed with its expansion plans and aims to boost electric vehicle production in the United States.
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Similar markets
Only R2 SUV • 25%
Only R3/R3X crossover • 25%
Both R2 SUV and R3/R3X crossover • 25%
Other models • 25%
One model • 25%
Two models • 25%
Three models • 25%
More than three models • 25%
Illinois Facility • 25%
Georgia Facility • 25%
Another US Location • 25%
International Location • 25%
Before December 2025 • 25%
Between December 2025 and December 2026 • 25%
Between December 2026 and December 2027 • 25%
After December 2027 • 25%
Full Production Achieved • 25%
Partial Production Achieved • 25%
No Production Achieved • 25%
Facility Repurposed • 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%
Before December 2025 • 25%
Between December 2025 and June 2026 • 25%
Between June 2026 and December 2026 • 25%
After December 2026 • 25%
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%
Less than 100,000 vehicles • 25%
100,000 to 199,999 vehicles • 25%
200,000 to 299,999 vehicles • 25%
300,000 vehicles or more • 25%
Fully operational • 25%
Under construction • 25%
Paused • 25%
Abandoned • 25%