Rivian receives $6.6B loan to build EV manufacturing plant in Georgia
Rivian Automotive has received a conditional commitment from the U.S. Department of Energy’s (DOE’s) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program. The $6.6 billion loan will be used to support the construction of Rivian’s next facility in Stanton Springs North, Georgia, and help accelerate the company’s growth in the design, development and manufacturing of electric vehicles. According to the company, the DOE loan would aid in the production of its R2, a midsize SUV, and R3/R3X, a midsize crossover.
The new facility will be built in two phases. Each phase will feature 200,000 units of annual production capacity. Phase one is expected to be completed in 2028, with the company creating 7,500 operations jobs through 2030.
What people are saying
In a recent quote, Rivian Founder and CEO RJ Scaringe said, “This loan will help create thousands of new American jobs and further strengthen U.S. leadership in EV manufacturing and technology. This loan would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability. A robust ecosystem of U.S. companies developing and manufacturing EVs is critical for the U.S. to maintain its long-term leadership in transportation.”
Manufacturers investing in Georgia
TMC invests $15.3M to build new transformer manufacturing facility in Georgia
The new plant is expected to be operational in 2026.
Manufacturer invests $28M to open instrument transformer plant in Georgia
Operations are expected to begin in 2025.
Qcells receives $1.45 billion loan to open solar supply chain manufacturing facility in Georgia
The new production plant will manufacture ingots, wafers, cells, and finished panels at a multi-gigawatt scale.
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 GajewskiAlexis Gajewski
Senior Content Strategist
Alexis Gajewski is a manufacturing writer and editor with nearly 20 years of experience covering the people, practices, and technologies that keep industrial facilities running. For more than a decade, she served as Senior Content Strategist for Plant Services, creating content for plant managers, engineers, and maintenance professionals on a variety of industrial topics.
During her tenure, Alexis worked to develop the brand’s digital strategy and helped launch and produce Great Question: A Manufacturing Podcast. She also created The Lighter Side of Manufacturing, a weekly blog that explored the inventive and sometimes humorous side of the industry.
Alexis co-founded Influential Women in Manufacturing, a recognition program that honored 49 women in its first two years, earned an industry award for Best Product Launch, and received a proclamation from Illinois Governor JB Pritzker and a commendation from U.S. Senator Tammy Duckworth.
She also led newsroom operations and development at a large media company where she set editorial standards, developed training curriculum, and helped support AI adoption for more than 150 editors across 80+ brands spanning manufacturing, industrial processing, automation, and more.
Additionally, Alexis works as a freelance writer and editor, and her areas of interest include continuous improvement, the skilled workforce, and the role of emerging technology on the plant floor.
Connect with Alexis on LinkedIn