Saturday, January 22, 2022
News Rivian Aiming to Build New Factory in Fort Worth, Texas

Rivian Aiming to Build New Factory in Fort Worth, Texas

Rivian will get massive tax breaks in exchange for up to 7,500 local jobs

  • City officials approve a $440 million tax incentive package.

  • The factory will purportedly cost $5 billion.

  • The new facility will be capable of producing 200,000 annually.

The California-based electric vehicle builder has been touted as the next Tesla. The difference however is that Rivian has yet to deliver a single vehicle to one of its many pre-order holders. Even so, investments and funding continue to pour in and it is with this momentum that Rivian’s already shopping for a location for a second factory.

Canadian Rivian Pricing Guide

The first facility, located in Normal, Illinois, should be churning out R1S and R1T vehicles very shortly but demand is already projected to outstrip production capacity. As we know, Amazon is waiting on 100,000 delivery vans and the interest in Rivian’s two current models is huge.

At the moment, Fort Worth, Texas is the front-runner as the potential location for a new factory. City officials have approved a $440 million tax incentive package based on the potential of 7,500 new jobs at the facility.

Rivian R1S 3-row all-electric SUV
Rivian R1S | Photo: Rivian Automotive

“With an anchor tenant like Rivian that is technology-focused, forward-thinking and really building for the future, you’re going to attract like-minded businesses and offices that want to have corporate campuses near a hub of technology,” Greg Miller, a spokesman for the Walsh Companies, said in a phone interview as reported by The Pantagraph, after the City Council vote.

Trending Now

Electric Volvo XC90 Replacement Called Embla: Report

All-new XC90 getting a name from Norse myth Embla trademark filed with EU The upcoming replacement for Volvo's XC90 crossover is expected to be...

Stellantis CEO Tavares Says Electrification is Politically Motivated

According to Tavares, politicians chose electrification and not the auto industry. Stellantis announced some of its electrification plans last September. Both Stellantis’ CEO Carlos...

Unplugged Performance Teams Up with Koenigsegg for Carbon Tesla Parts

Unplugged will sell wings and fenders made by Koenigsegg Will use same carbon fibre Koenigsegg uses on its hypercars Is it a stretch to...

The 70th Anniversary Edition Chevrolet Corvette Z06 is Revealed

It will be offered in one of two colours. The 70th Anniversary Edition will feature unique badges. It will be based on the...

All-new 2023 Toyota Sequoia Premieres on January 25th

Toyota teased a new SUV earlier this week, but everyone figured out it was the new Sequoia. The exact reveal time is next...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.