Georgia officials announced last week that American electric vehicle startup Rivian has signed an agreement with the state of Georgia to build an electric vehicle factory in the Stanton Springs Industrial Zone east of Atlanta.
The agreement stipulates that Rivian will rent land and machinery to operate the factory, for which the company will pay approximately US$300 million in property taxes. The plant is also expected to produce Rivian’s next-generation R2 platform for future models.
▲ Image source: Georgia
Rivian originally announced plans in 2021 to build a $5 billion electric vehicle factory outside Atlanta, Georgia. It is planned that the new factory will employ more than 7,500 people and eventually have an annual production capacity of 400,000 vehicles.
“This is a great day,” JDA and GDECD said in a statement. “Leasing the site to Rivian is a great opportunity to realize this generational opportunity and create jobs for the residents of Jasper, Morgan, Newton and Walton counties in Georgia. The next step of opportunity.”
The plant is located off the I-20 corridor east of Atlanta, near the historic Walton County community of Social Circle and bordering Morgan County. This will be Rivian’s second manufacturing facility, following its first in Normal, Illinois, which builds the R1T pickup truck and R1S SUV.
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