Rivian Pauses $5B Georgia Factory to Cut Costs, Will Produce New Vehicle in Illinois Instead
• Rivian pauses $5B Georgia factory plan, will produce R2 crossover at existing Illinois plant instead • Georgia plant was announced in 2021, but faced delays and legal challenges around incentives • Rivian CEO recently reaffirmed commitment to Georgia site, but company now prioritizing cost-cutting • Pausing Georgia plant expected to save Rivian over $2B as it aims for profitability • Rivian still committed to Georgia long-term, but construction timing now uncertain