Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia.
BusinessA truck leaves the site of a planned Rivian electric truck plant Thursday, March 7, 2024, in Rutledge,Ga. Rivian says it's pausing construction of the $5 billion manufacturing plant in Georgia. California-based Rivian had planned to start building its new R2 midsize SUVs at the Georgia site east of Atlanta. State and local governments offered an incentive package as large as $1.
Rivian did not give a timetable for restarting work on the Georgia plant, saying in a statement: “The timing for resuming construction is expected to be later.” State and local governments were projected to spend more than $125 million to buy the nearly 2,000-acre site near Social Circle for Rivian, clear trees and grade land, documents show. That work has been finished, with the state turning the site over to Rivian. The state also has completed most of $50 million in roadwork that it pledged. But signs for Rivian Parkway at a new traffic signal on U.S. 278 had been removed Thursday.
“Rivian has restated its commitment to Georgia," the state agency said in statement. It added that state and local economic development officials remain “in steady communication with Rivian regarding its manufacturing plans” in Georgia.
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