Automaker Rivian pauses construction of its $5 billion electric truck plant in Georgia

Georgia Gov. Brian Kemp walks past a Rivian electric truck, Dec. 16, 2021, in Atlanta. Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia. The announcement Thursday, March 7, 2024 put the brakes on Georgia's second-largest economic development project, which came with $1.5 billion in incentives from the state and local governments. (AP Photo/John Bazemore, file)

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.