Rivian plans to lift the initial production capacity of its forthcoming manufacturing site in Georgia to 300,000 vehicles a year, representing a 50% increase from the previously outlined 200,000 units.
The updated plan for the facility at Stanton Springs North is aimed at reducing per-unit costs while preserving flexibility for additional capacity in later development phases.
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The company has also revised its loan arrangement with the US Department of Energy’s Office of Energy Dominance Financing, securing total funding of up to $4.5bn.
This comprises $4bn in principal alongside $494m in capitalised interest.
Rivian expects to begin accessing the financing in early 2027.
Rivian founder and CEO RJ Scaringe said: “We are very excited to partner with the US Department of Energy to grow our manufacturing footprint in Georgia.
“R2 dramatically expands our market opportunity. The thousands of dedicated people who will soon work in our Georgia plant will be instrumental to Rivian’s growth as we scale American manufacturing and work to ensure that the US retains its leadership in innovation and technology.”
Vertical construction at the site is scheduled to begin in 2026, with vehicle production still targeted for late 2028.
Preparatory work is under way, including development of the stamping press area, which the company identified as one of the most capital-intensive and technically demanding parts of the facility.
Construction momentum is expected to build during the summer period as primary structures start to emerge.
Separately, Rivian confirmed its collaboration with Uber, under which it anticipates producing up to 50,000 robotaxis at the Georgia plant from late 2028.
In a separate development earlier this month, an electric vehicle startup spun out of Rivian secured $200m in a Series C funding round.
The round was led by Greenoaks, with participation from DoorDash as a strategic investor, alongside Prysm Capital.
The startup focuses on vertically integrated small electric vehicles, combining proprietary hardware, software and manufacturing capabilities to support multiple products built on a shared platform.
