Rivian Automotive is rapidly moving forward with plans for a massive new factory in Georgia after securing $1.5 billion in incentives from state and local authorities, marking a milestone for the California electric vehicle startup as it struggles with parts shortages at its sole plant in Illinois.
Georgia authorities said last week that the automaker signed an agreement to move forward on the $5 billion project east of Atlanta, which is estimated to create 7,500 jobs by 2028 with an average salary of $56,000. At full ramp, the plant will have a capacity of approximately 400,000 vehicles a year, Rivian said.
The plant is opposed by some local residents because of the expected environmental impact on the 2,000-acre site in rural Rutledge and surrounding areas.
The plant and its incentive package are also a point of contention between Gov. Brian Kemp, who has championed the project, and former U.S. Sen. David Perdue. Perdue has criticized the deal in his campaign against Kemp in the May 24 Republican gubernatorial primary. Kemp was running ahead in polls.
Construction is expected to begin as early as this summer and production is slated for 2024.
Rivian is expected to use the plant to build smaller, more affordable EVs on the upcoming R2 platform.