_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 job video 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: 10.6M times
✓ Published: 04-May-2024
👁 View: 10.6M 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
_options-for-a-former-employers-401k-plan.webp "Leave it behind, move it to your new job’s plan, or roll it over to an IRA. Each of the options has pros and cons.")
_iraola-deserves-huge-credit-for-job-done-at-bournemouth-arteta.webp "Arsenal boss Mikel Arteta believes Andoni Iraola deserves a lot of credit for the job he has done so far at Bournemouth<br/>Colney, London, UK")
_nightwatch-demons-are-forever-movie-clip-what39s-the-job.webp "Nightwatch Demons Are Forever Movie Clip - What's The Job? <br/><br/>Plot synopsis: When Emma decides to take on a night job doing night watch at The Forensics, old trauma arises. Is she about to find out what went down 30 years ago? <br/><br/>Don't miss NIGHTWATCH: DEMONS ARE FOREVER, premiering Friday, May 17th on Shudder.")
_steve-jobs-wasn39t-a-fan-but-apple39s-record-stock-buyback-is-so-massive-it-dwarfs-valuations-of-boeing-starbucks-ebay-a.webp "In 2023, buybacks by U.S. companies were valued at $795.1 billion, down from $922.7 billion in 2022.<br/>Apple has a massive cash hoard, with the war chest swelling to $162.34 billion by the end of the second quarter.")
_92.webp "A mum who quit her air hostess job to work with dogs has launched her latest venture - an ice cream van exclusively for pooches.<br/><br/>Emmie Stevens, 36, opened Poochies Pupsicles on March 31 - and says business is booming.<br/><br/>Based in south London, she is making the van available for hire - and is planning to hit the road this summer.<br/><br/>Emmie, a mum-of-one, left her cabin crew role 15 years ago to work as a groomer after realising dogs were her \")
_irs-will-double-its-audit-rate-for-americas-wealthiest-taxpayers.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching the IRS’ decision to double its audit rate of America’s wealthiest.")
_nationwide-job-fairs-held-on-labor-day.webp "Nationwide job fairs held on Labor Day<br/>")
_swedish-firm-aira-launches-sheffield-39centre-of-excellence39-to-train-new-heat-pump-installers.webp "A new training academy to develop the heat pump installers of the future has opened in Sheffield.<br/>Swedish clean energy firm Aira, which is seeking to create 8,000 jobs in the UK over the next decade as part of its expansion plans into this country, has established a training facility on the White Rose Business Park in Halfway.<br/><br/>The site is next to home renewable specialist All Seasons Energy, which Aira purchased last year.<br/><br/>It is hoped the Sheffield training facility will become a Northern “centre of excellence” for training dozens of new heat pump specialists in the coming years, with plans to open a similar site in the south of England.<br/><br/>An initial pilot scheme involving four apprentices hired by Aira and in partnership with Rotherham College and North Notts College is starting from the site.<br/><br/>Academy manager Sarah Stevens said two technician apprentices and two electrician apprentices have been hired who will leanr on the job assisted by mentors and also do one day a week at college. Their roles will start from September and it will take around three years to fully qualify.<br/><br/>\")
⏲ 1:58 👁 5.5M
_options-for-a-former-employers-401k-plan.jpg)
_iraola-deserves-huge-credit-for-job-done-at-bournemouth-arteta.jpg)
_nightwatch-demons-are-forever-movie-clip-what39s-the-job.jpg)
_steve-jobs-wasn39t-a-fan-but-apple39s-record-stock-buyback-is-so-massive-it-dwarfs-valuations-of-boeing-starbucks-ebay-a.jpg)
_92.jpg)
_irs-will-double-its-audit-rate-for-americas-wealthiest-taxpayers.jpg)
_nationwide-job-fairs-held-on-labor-day.jpg)
_swedish-firm-aira-launches-sheffield-39centre-of-excellence39-to-train-new-heat-pump-installers.jpg)
![[+]](/images/menu.gif){kind=small}