Rivian to Invest $5 Billion in Second US Plant
July 29, 2021—Rivian, the Amazon-backed EV developer, plans to invest $5 billion into a second U.S. vehicle assembly plant.
The plan will require around 10,000 acres of land according to a report from Reuters, though economic development officials say finding a plot of land that size will be "highly unlikely." Rivian is hopeful to start production at the plant in the middle of 2023, though the pandemic may have pushed those plans back by up to six months.
The location of the plant has not yet been decided per the report, though a site near the Grand Canyon in Arizona has been linked to the project. The state has proven to be a popular in the automotive industry for its "lower taxes and cost of living, as well as the lack of hurricanes, floods and other disastrous weather that has impacted plants in other regions."