US EV manufacturer Rivian has received an $827-million incentive package from the Illinois Department of Commerce & Economic Opportunity to expand the capacity of its plant in the state.
The funding will enable Rivian to upgrade the facility over the coming months to manufacture the R2, its midsized SUV model. At the same time, the plant will continue to produce its R1S, R1T, and commercial electric delivery vehicles.
Since production began in 2021, the facility has manufactured over 100,000 EVs, the company said.
“The support from the state will allow us to quickly bring our midsize SUV, R2, to market and provide even greater consumer choice for EVs,” said RJ Scaringe, Rivian founder and CEO.
Source: Rivian
Source link
#Rivian #receives #state #funding #expand #Illinois #factory
