Wednesday, June 29, 2022
News Rivian is Shopping for Another EV Plant

Rivian is Shopping for Another EV Plant

Rivian is looking to expand production capabilities into Texas with a near $5 billion plant near Fort Worth, Texas

  • This is a $5 billion investment in a Texas plant.

  • Rivian has yet to deliver a single unit so far.

  • Tesla’s Musk thinks Rivian should take it one step at a time.

North American Rivian electric truck buyers are anxiously awaiting news for the EV start-up company as to when they can expect to take delivery of their vehicle. Various causes have pushed back production, meaning that no final production R1T or R1S has yet been delivered. Despite this, Rivian is actively looking to expand with a new assembly plant.

Launch Green Rivian R1T | Photo: Rivian

So far, the $5 billion investment looks like it will be rooted in a plant near Fort Worth, Texas. The factory, referred to as “Project Tera”, would be responsible for at least 7,500 jobs by 2027 and could produce roughly 200,000 vehicles a year. This is why state and local officials are fighting hard to win the bidding war with massive grants and tax abatements according to Reuters.

In a typical twist, Tesla’s Elon Musk thinks that Rivian’s moving too fast. In a tweet, he said: “I’d recommend they get their first plant working. It’s insanely difficult to reach volume production at affordable unit cost,”

Not too long ago, Tesla was also courting Texas officials for a new Gigafactory. Could it be that Musk is feeling pressure from Rivian’s momentum?

Austin, Texas Officially Chosen As Next Tesla Gigafactory Site

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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


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