New Manufacturing Plant of Rivian in Georgia

Rivian, the electric vehicle manufacturer, aims to start building a second manufacturing plant in 2022, despite falling short of its output targets at its current facility.stated on Thursday that its new $5 billion plant east of Atlanta, Georgia, will be capable of producing up to 400,000 automobiles per year, more than doubling the capacity of its current Bloomington-Normal operation.

Rivian expects to miss its manufacturing goal of 1,200 vehicles in Illinois this year by a few hundred vehicles. Rivian has developed 652 customer pickup trucks and SUVs and delivered 386 as of December 15. Global supply chain concerns, a tight labour market, and covid have all caused in production challenges, according to Rivian CEO RJ Scaringe on the automaker’s first earnings call as a public business.

With Rivian vehicles requiring 2,000 parts, even a 0.1 percent deficit can hinder production, according to Scaringe. has had a breakout year despite the challenges. It raised nearly $12 billion in its initial public offering last month. is currently valued at $90 billion, which is higher than both Ford (F) and General Motors (GM) (GM). announced on Thursday that it had received 71,000 preorders for SUVs and pickup trucks, up from 48,390 at the end of September. This month, Motor Trend named Rivian’s R1T Truck of the Year.

Rivian new plant in Georgia, which spans roughly 2,000 acres, will eventually employ 7,500 people, according to. The carmaker, which presently employs over 10,000 people, plans to begin vehicle manufacturing in 2024 looked at sites all around the country, according to Scaringe, looking for a location with access to talent and accessibility to suppliers.