Rivian to receive $827M in Illinois state funding to expand Normal, IL facility
04 May 2024
Rivian Automotive has received an $827-million incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL.
The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2.
The company announced in March that production of R2, the company’s midsize SUV, will begin production in the Normal, IL manufacturing facility. The platform will underpin R2 vehicles. The existing plant in Normal will continue to produce R1S, R1T, and commercial electric delivery vehicles, and updates to the facility will begin in the coming months.
Rivian has invested more than $2 billion in Normal. In just three years, Rivian has also generated a value add of more than $3.9 billion to the local economy, which has brought increased development to the area.
Since production began in 2021, Rivian’s Normal facility has manufactured more than 100,000 electric vehicles.
Comments