TSLA364.20011.781%
GM79.4602.63%
F12.6970.537%
RIVN15.9900.09%
CYD42.160-2.57%
HMC24.160-0.04%
TM211.5500.49%
CVNA374.33015.06%
PAG157.2700.47%
LAD281.7802.72%
AN200.000-2.25%
GPI337.980-0.04%
ABG206.5700.84%
SAH68.2300.16%
TSLA364.20011.781%
GM79.4602.63%
F12.6970.537%
RIVN15.9900.09%
CYD42.160-2.57%
HMC24.160-0.04%
TM211.5500.49%
CVNA374.33015.06%
PAG157.2700.47%
LAD281.7802.72%
AN200.000-2.25%
GPI337.980-0.04%
ABG206.5700.84%
SAH68.2300.16%
TSLA364.20011.781%
GM79.4602.63%
F12.6970.537%
RIVN15.9900.09%
CYD42.160-2.57%
HMC24.160-0.04%
TM211.5500.49%
CVNA374.33015.06%
PAG157.2700.47%
LAD281.7802.72%
AN200.000-2.25%
GPI337.980-0.04%
ABG206.5700.84%
SAH68.2300.16%

Rivian revives $5B Georgia EV factory, pledges 7,500 jobs

The long-delayed project is set to break ground in 2026, with production targeted by 2028.
Rivian, direct to consumers

On the Dash:

  • Rivian’s $5B Georgia EV plant will create 7,500 jobs, with production by 2028.
  • First announced in 2021, the factory is now set to break ground in 2026.
  • The project relies on $1.5B in state incentives and a $6.6B federal loan.

Rivian is moving forward with plans for its long-delayed $5 billion electric vehicle factory east of Atlanta, a project expected to create 7,500 jobs and expand production of the company’s upcoming R2 crossover. Preparatory work, including grading and utility installation, is already underway at the 2,000-acre site, with vertical construction planned to begin in 2026 and vehicle production slated for 2028.

The plant, first announced in 2021, has faced multiple setbacks and cost-cutting delays but remains central to Rivian’s long-term growth strategy. State and local leaders backed the project with a $1.5 billion incentive package tied to construction and hiring requirements, while a $6.6 billion federal loan approved in early 2025 provides additional support once ground is officially broken.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

Rivian will host two September events: a Sept. 14 community celebration, followed by a Sept. 16 groundbreaking with state officials. At the time of its initial announcement, the Rivian factory was the largest economic development project in Georgia’s history. However, Hyundai has since surpassed it with a new facility near Savannah. Still, the Rivian plant remains a significant part of Georgia’s growing EV industry and economic strategy.

The project has drawn political debate, with Republican critics questioning the size of federal support, while Democratic leaders, including Sens. Jon Ossoff and Raphael Warnock, lobbied heavily for the incentives. Despite the controversy, local development officials say Rivian’s commitment to jobs and growth in the region remains secure.

Read More
More from Articles
Volkswagen faces Q1 charge after halting EV production at Tennessee plant

Volkswagen faces Q1 charge after halting EV production at Tennessee plant

- April 15, 2026
On the Dash: A production halt may tighten EV inventory and disrupt vehicle availability at U.S. dealerships. Software delays highlight ongoing execution challenges that could push back product timelines and...
Lucid funds

Lucid secures $750 million funding, appoints new CEO 

- April 14, 2026
On the Dash: Lucid’s Uber partnership signals growing momentum in demand for fleets and robotaxi beyond traditional retail channels. Continued funding highlights both investor confidence and the sector's ongoing capital...
Navy Federal’s Cost of Car Ownership (COCO) Index shows spike in vehicle ownership costs driven by gasoline prices

Navy Federal’s Cost of Car Ownership (COCO) Index shows spike in vehicle ownership costs driven by gasoline prices

- April 14, 2026
VIENNA, Va.--(BUSINESS WIRE)--Navy Federal Credit Union today released the latest iteration of its Cost of Car Ownership (COCO) Index, revealing a record-high in the cost of owning a vehicle. The COCO...
Ford pushes to block Chinese EVs as it rolls out gas incentives in high-cost states

Ford pushes to block Chinese EVs as it rolls out gas incentives in high-cost states

- April 14, 2026
On the Dash: Ford’s policy stance signals continued pressure for protectionist measures that could shape future inventory mix and pricing strategy. Gas card incentives highlight ongoing consumer sensitivity to the...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.