The CEO of Rivian Automotive announced Thursday that the electric truck maker is pausing construction of its $5 billion manufacturing plant in Georgia to speed production and save money.
California-based Rivian had planned to start building its new R2 midsize SUVs at the Georgia site east of Atlanta. State and local governments offered an incentive package as large as $1.5 billion, one of the largest ever offered for an American auto plant
However, at an event Thursday, the company unveiled the new SUV and unexpectedly announced additional R3 and R3X crossover models. CEO RJ Scaringe said production of the R2 will instead begin at Rivian’s existing plant in Normal, Illinois.
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