Rivian has finalized a $6.6 billion loan agreement with the U.S. Department of Energy (DOE) to support the construction of a new manufacturing facility in Stanton Springs North, Georgia. The project will produce Rivian’s upcoming R2 SUV and R3 crossover while creating 7,500 new jobs.
Construction of the new facility is scheduled to start in 2026, with production set to commence in 2028. This initiative is expected to create 7,500 jobs and significantly invest in the Georgia community. The facility will incorporate advanced manufacturing techniques and prioritize sustainable design, positioning it as a forward-thinking and environmentally responsible project.
However, the $6.6 billion loan will be distributed in two phases:
- Phase 1: Up to $3.4 billion
- Phase 2: Up to $2.6 billion
- Advances are contingent on compliance with loan conditions, including regulatory and operational requirements.
Additionally, the EV makers have begun hiring for construction and management roles, with recruitment set to expand as the project develops. The company actively promotes sustainable practices, protects natural areas, and supports the local community near the Stanton Springs site, which is located less than an hour from Atlanta.
The loan agreement follows two years of collaboration between Rivian and the DOE, reinforcing U.S. leadership in electric vehicle production and sustainable energy initiatives.
This milestone positions Rivian as a key player in the EV market, with its Georgia plant playing a vital role in expanding production and advancing clean energy goals.
