_rivian-to-invest-361-5-billion-create-550-jobs-in-illinois-factory-expansion.jpg "Rivian to Invest $1.5 Billion, Create 550 Jobs in Illinois Factory Expansion from alliance investments group Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 9.6M times
✓ Published: 04-May-2024
👁 View: 9.6M times
✓ Published: 04-May-2024
Description:
Rivian will invest $1.5 billion to expand its Normal, Illinois factory and add over 550 jobs to produce its new electric SUV. The expansion is backed by over $800 million in state incentives from Illinois' REV program over 30 years if targets are met. Rivian received over 68,000 pre-orders for the R2 in its first 24 hours on sale online. Producing the R2 in Normal will expedite its launch and save over $2 billion versus building a new plant in Georgia. The R2 is expected to start production in 2026 at the expanded 4 million sqft Normal factory alongside the R1 vehicles.
Rivian will invest $1.5 billion to expand its Normal, Illinois factory and add over 550 jobs to produce its new electric SUV. The expansion is backed by over $800 million in state incentives from Illinois' REV program over 30 years if targets are met. Rivian received over 68,000 pre-orders for the R2 in its first 24 hours on sale online. Producing the R2 in Normal will expedite its launch and save over $2 billion versus building a new plant in Georgia. The R2 is expected to start production in 2026 at the expanded 4 million sqft Normal factory alongside the R1 vehicles.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_alliance-investment-management-review-for-beginners.webp "SA Shares")
_china-says-philippines-agreed-to-stay-out-of-panatag-shoal-under-duterte-admin-124-the-wrap.webp "Here are today’s headlines – the latest news in the Philippines and around the world:<br/>- Chinese embassy: Under Duterte, Philippines agreed to keep gov’t out of Panatag Shoal<br/>- Philippines falls 2 places in 2024 World Press Freedom Index<br/>- Universal Music Group artists to return to TikTok after new licensing pact<br/>- Harvey Weinstein will be retried in New York after rape conviction overturned<br/>- Patricia Evangelista wins 2024 Helen Bernstein Book Award for Excellence in Journalism<br/><br/>https://www.rappler.com/video/daily-wrap/may-3-2024/")
⏲ 5:18 👁 18.6M
_alliance-investments-construction-update-q1-2022.webp "Alliance Investments")
_alliance-investments-review-this-is-a-scam-scammed-by-alliance-investments-ltd-report-them-now.webp "Crypto Police")
⏲ 30 seconds
_how-to-start-an-investment-group.webp "ExpertVillage Leaf Group")
_alliance-invest-company.webp "Alliance Invest")
_columbia-university-president-says-talks-with-protesters-fail-to-reach-divestment-agreement.webp "Columbia University President Minouche Shafik said talks with student organizers of encampment protests have failed to reach an agreement. The university will not divest investments from Israel, a key demand of protesters at Columbia and other campuses. Columbia did offer to expedite a review process of new divestment proposals and publish its direct investment holdings. It also offered investments in health and education programs in Gaza as negotiations resulted in a stalemate. The protests at Columbia are in their second week and risk disrupting its May 15 commencement ceremonies.")
⏲ 0:36 👁 9.1M
_she-was-abandoned-since-childhood-and-returned-10-years-later-as-a-female-ceo.webp "Drama-chasing alliance")
⏲ 2 hours 28 minutes 55 seconds 👁 3.1K
_alliance-investment-management-review-for-beginners.jpg)
_china-says-philippines-agreed-to-stay-out-of-panatag-shoal-under-duterte-admin-124-the-wrap.jpg)
_alliance-investments-construction-update-q1-2022.jpg)
_alliance-investments-review-this-is-a-scam-scammed-by-alliance-investments-ltd-report-them-now.jpg)
_how-to-start-an-investment-group.jpg)
_alliance-invest-company.jpg)
_columbia-university-president-says-talks-with-protesters-fail-to-reach-divestment-agreement.jpg)
_she-was-abandoned-since-childhood-and-returned-10-years-later-as-a-female-ceo.jpg)
![[+]](/images/menu.gif){kind=small}