The Georgia factory was supposed to build the R2. With Rivian’s cashflow problems, that’s no longer the case.
we were expecting. While we knew an R3 eventually would join Rivian's lineup and had reported on it in the past, its reveal at the R2 event was unexpected, and generated some additional interest in the company and its offerings. But other developments point to Rivian's longstanding and potentially existential cashflow crisis, namely that the company paused construction at its heralded Georgia production plant.on each vehicle it sells .
The organizations in Georgia that are overseeing the Georgia plant's development indicate that so far, there are no red flags. According to the, the State of Georgia and the Joint Development Authority of Jasper, Morgan, Newton, and Walton counties indicated in a statement that Rivian has committed to meeting its goal of 80 percent of its $5 billion investment and producing 7,500 jobs by 2030.
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Rivian Pauses Planned $5 Billion Georgia EV Plant—And Its Shares SurgeI am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushardforbes.
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