Rivian Puts Plan to Build $5 billion Georgia Plant on Hold
Friday, March 8th, 2024
Electric automaker Rivian's grand plans for a major Georgia production facility are on hold, according to statements by the company and its CEO on Thursday.
The news was revealed Thursday by Rivian CEO and founder RJ Scaringe during a company presentation on the R2, R3 and R3X models. As recently as last October, the company said publicly it was expecting to officially break ground early this year.
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