_rivian-to-invest-361-5-billion-create-550-jobs-in-illinois-factory-expansion.jpg "Rivian to Invest $1.5 Billion, Create 550 Jobs in Illinois Factory Expansion from oem hardware group illinois Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 8.7M times
✓ Published: 04-May-2024
👁 View: 8.7M times
✓ Published: 04-May-2024
Description:
Rivian will invest $1.5 billion to expand its Normal, Illinois factory and add over 550 jobs to produce its new electric SUV. The expansion is backed by over $800 million in state incentives from Illinois' REV program over 30 years if targets are met. Rivian received over 68,000 pre-orders for the R2 in its first 24 hours on sale online. Producing the R2 in Normal will expedite its launch and save over $2 billion versus building a new plant in Georgia. The R2 is expected to start production in 2026 at the expanded 4 million sqft Normal factory alongside the R1 vehicles.
Rivian will invest $1.5 billion to expand its Normal, Illinois factory and add over 550 jobs to produce its new electric SUV. The expansion is backed by over $800 million in state incentives from Illinois' REV program over 30 years if targets are met. Rivian received over 68,000 pre-orders for the R2 in its first 24 hours on sale online. Producing the R2 in Normal will expedite its launch and save over $2 billion versus building a new plant in Georgia. The R2 is expected to start production in 2026 at the expanded 4 million sqft Normal factory alongside the R1 vehicles.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_austin-hardware-and-itw-plexus-the-oem-supplier.webp "Austin Hardware u0026 Supply, Inc.")
_what-does-oem-mean-electronics.webp "Online Tech Tips")
_39our-victory-is-inevitable39-moscow-exhibition-showcases-western-tanks-captured-from-ukraine.webp "Military hardware, including tanks, captured by Russia in Ukraine, are on display in Victory Park for a month-long open-air exhibition leading up to the country’s Victory Day celebrations.")
⏲ 1:2 👁 91.7M
_how-a-hardware-equipment-oem-can-transorm-into-a-software-driven-company.webp "Harbor Research")
_austin-hardware-and-itw-plexus-the-oem-supplier.jpg)
_what-does-oem-mean-electronics.jpg)
_39our-victory-is-inevitable39-moscow-exhibition-showcases-western-tanks-captured-from-ukraine.jpg)
_how-a-hardware-equipment-oem-can-transorm-into-a-software-driven-company.jpg)
![[+]](/images/menu.gif){kind=small}