Georgia will present Rivian with as much as $1.5 billion in native incentives and tax credit in assist of the automaker’s plan to construct a brand new manufacturing plant exterior of Atlanta. When Rivian late final yr it might construct its second manufacturing facility in Georgia, the corporate mentioned it might finally make use of greater than 7,500 staff on the facility and make investments a complete of $5 billion into the mission. According to , the startup has till 2028 to fulfill these objectives so as to entry all of the incentives provided by the state’s authorities.

The assist bundle is notable for just a few causes. When the corporate introduced the ability, it mentioned it might pay for the enlargement with funding it secured from its blockbuster $100 billion IPO. Amazon additionally has a within the firm, and an order for not less than . But regardless of its sturdy monetary backing, Rivian has struggled to truly ship vehicles to prospects. At the beginning of the yr, the corporate the supply of its 400-mile R1T vans to 2023. It additionally , and , a worth hike for R1T and R1S pre-orders that led to a .