Rivian receives $827 million incentive package to aid its Illinois plant expansion

Rivian receives $827 million incentive package to aid its Illinois plant expansion

May 6, 2024
In addition, the funds will be used to support improvements in public infrastructure and job training programs for Rivian’s workforce.

Rivian Automotive, Inc. has announced plans to expand its production plant in Normal, Illinois. To help support the project, the company has received an $827 million incentive package from the State of Illinois Department of Commerce & Economic Opportunity. In addition, the funds will be used to support improvements in public infrastructure and job training programs for Rivian’s workforce. The company’s facility in Normal will be used to produce the anticipated R2 midsize SUV, as well as its R1S, R1T, and commercial electric delivery vehicles. The expansion will begin in the next few months.

What people are saying

In a recent quote, RJ Scaringe, Rivian Founder and Chief Executive Officer, said, “We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch. The support from the state will allow us to quickly bring our midsize SUV, R2, to market and provide even greater consumer choice for EVs. Governor Pritzker has always been a strong advocate for providing economic opportunities for Illinois residents and business owners alike. We look forward to continuing our close partnership and building upon the success we have enjoyed.”

Illinois Governor JB Pritzker added, “Illinois is positioned to be a powerhouse in this market for years to come, bringing quality jobs and revitalizing communities across the state. I want to thank our partners at Rivian, who have doubled down on their investment in Illinois. Together, we’re taking a tremendous step forward – for our electric vehicle ecosystem, for our economy, and for our state. Each and every dollar invested in this market is a win for the working people of Illinois and brings us a step closer to meeting our ambitious climate goals.”

Latest electric vehicle news

Addionics announces $400 million multi-factory plan to increase domestic EV battery manufacturing
Addionics’ three-phase, multi-factory plan includes a new plant to be completed in 2027 and additional plants expected to be completed by 2032.

Schaeffler to build new electric vehicle manufacturing plant in Ohio
The new facility will be used to manufacture electric beam axles and electric drivetrain systems to support the hybrid/EV industry.

AESC invests an additional $1.5 billion to expand electric vehicle battery manufacturing in South Carolina 
AESC will build a second electric vehicle battery manufacturing facility adjacent to the first building, which broke ground in June 2023.

Learn more about EV manufacturing

Hot or Not: What’s the State of the EV Sector?
This earnings season has been marked by lower production forecasts, missed revenues and layoffs. However, things are looking up for one company that nearly tripled its revenue.

Electrifying Progress in e-Mobility Manufacturing
Mobility is changing fast and automotive component manufacturers must meet rapidly growing demand for affordable EVs. Fluid solutions are important to improving productivity, lowering costs, and maximizing efficiency.

Park & Charge: High-Power Inductive Wireless Charging Set to Power Electric Trucks in Cold Climates
WAVE Charging has planned its first deployment of a 500-kW inductive charger to power electric trucks in cold climates at a Venture Logistics facility in the Midwest.

Investing in American manufacturing in 2024

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

Sponsored Recommendations

Reduce engineering time by 50%

March 28, 2024
Learn how smart value chain applications are made possible by moving from manually-intensive CAD-based drafting packages to modern CAE software.

Filter Monitoring with Rittal's Blue e Air Conditioner

March 28, 2024
Steve Sullivan, Training Supervisor for Rittal North America, provides an overview of the filter monitoring capabilities of the Blue e line of industrial air conditioners.

Limitations of MERV Ratings for Dust Collector Filters

Feb. 23, 2024
It can be complicated and confusing to select the safest and most efficient dust collector filters for your facility. For the HVAC industry, MERV ratings are king. But MERV ratings...

The Importance of Air-To-Cloth Ratio when Selecting Dust Collector Filters

Feb. 23, 2024
Selecting the right filter cartridges for your application can be complicated. There are a lot of things to evaluate and consider...like air-to-cloth ratio. When your filters ...