Rivian Boosts Initial Georgia Plant Capacity To 300,000 Units

Summary: Rivian has increased its Georgia factory’s initial capacity to 300,000 units annually, up from 200,000 previously announced. The EV maker also reduced its Department of Energy loan to $4.5 billion and plans production to begin by end of 2028, focusing on the R2 crossover and Uber robotaxi variant.

Brands mentioned: Rivian, Uber