Rivian ($RIVN) Secures $827M in State Funding to Expand Illinois Manufacturing Plant

Published: May 02, 2024 Duration: 00:02:01 Category: Autos & Vehicles

Trending searches: rivian normal il
[Music] rivan Automotive a leading Electric Vehicle Manufacturer has secured an 827 million incentive package from the state of Illinois Department of Commerce and Economic Opportunity this funding will facilitate the expansion of rivan's plant in Normal Illinois focusing on plant expansion infrastructure enhancements and Workforce Development initiatives in March the facility announced the commencement of production for its highly anticipated midsize SUV the R2 will offer a blend of performance capability and utility tailored for both adventurous trips and everyday use underpinned by a versatile platform Additionally the existing plant will continue producing r1s r1t and commercial electric delivery vehicles with facility updates set to begin soon RG scaring rivan founder and chief executive officer stated the support from the state will allow us to quickly bring our midsize SUV the R2 to Market and provide even greater consumer choice for EVS rivan is an American automotive manufacturer that develops and builds category defining electric vehicles and accessories shares of rivan Automotive trade on the NASDAQ under the ticker symbol R ivn for more information or to sign up for our free daily newsletter visit greenstock [Music] news.com thanks for watching greenstock news if you like the video please hit the like button if you want to see Daily greenstock News videos hit the Subscribe button and if you have something to say please leave a comment

Share your thoughts

Related Transcripts

A Rivian Catches FIRE | Rivian R1S and R1T NEWS thumbnail
A Rivian Catches FIRE | Rivian R1S and R1T NEWS

Category: People & Blogs

Intro today we have a lot of rivian news including a look at the new wind turbine being built at rivien updated epa estimates for new dual motor vehicles and an r1t that caught fire and more now let's get into it first up the 2.8 megawatt wind turbine wind on arrival that rivien announced in june of... Read more

Rivian CEO Won't Reveal Order Numbers for the R2 thumbnail
Rivian CEO Won't Reveal Order Numbers for the R2

Category: News & Politics

The main question i got from our audience for you is update us on the r two reservation number. i think you haven't really given us one since that initial march reaction. so what's the latest with r2 in the reservation backlog? yeah, the excitement around r2 and you know, just the product and what it... Read more

Volkswagen And Rivian Team Up To Rival Tesla thumbnail
Volkswagen And Rivian Team Up To Rival Tesla

Category: People & Blogs

Today on forbes volkswagen is investing up to5 billion in rivan upstart electric vehicle maker rivan said earlier this week that volkswagen is investing up to5 billion in the electric vehicle maker and that the two companies are forming a joint venture to develop an automotive software platform based... Read more

Battery Fire at Rivian Factory | TTN Clips thumbnail
Battery Fire at Rivian Factory | TTN Clips

Category: People & Blogs

So here's one of those stories that gets a lot of media attention because it's about something exciting but it's really not that important yeah last weekend there was a battery pack fire at the rivian factory in normal illinois the normal fire department said normal firefighters responded to the rivian... Read more

Another Rivian Factory Fire (Battery Pack) thumbnail
Another Rivian Factory Fire (Battery Pack)

Category: Autos & Vehicles

Hi this is eco electric news reports coming from normal illinois say that they've been an emergency fire outbreak at rivien's vehicle manufacturing factories where the electric automaker is making its r1t trucks amazon delivery vans and suv this is the third one in the last months let's talk about it... Read more

Battery Pack Catches Fire at Rivian Plant, Sandy Monroe Tears Down the R1T: Rivian News Roundup thumbnail
Battery Pack Catches Fire at Rivian Plant, Sandy Monroe Tears Down the R1T: Rivian News Roundup

Category: Autos & Vehicles

Intro hi welcome to vulture media where we talk about the latest review news and the exciting things rivian is doing in the ev industry don't forget to click the subscribe button and ding the bell to set your preferences to this channel it really helps out the channel battery pack catches fire rivien's... Read more

Why We Build Our Technology In-House | Now & Forever | Rivian thumbnail
Why We Build Our Technology In-House | Now & Forever | Rivian

Category: Autos & Vehicles

It's so important that as an industry we create solutions or products that are really exciting to customers, products that compel them to make the switch from an internal combustion engine vehicle to an electric vehicle. and getting buyers of vehicles exposed to the benefits of a well-developed, highly... Read more

Inside the Grand Opening of Rivian's Seattle Service Center thumbnail
Inside the Grand Opening of Rivian's Seattle Service Center

Category: Autos & Vehicles

Out here at the new rivan service center right at the end of boeing field this place is huge and a needed asset here in the pacific northwest mainly western washington in order to help service all the rivan and delivery well they're all rivion but like customer vehicles amazon vehicles we got all the... Read more

🚨IS $NVDA STILL THE GOAT ❓Post-Earnings INSANITY! 🚀 thumbnail
🚨IS $NVDA STILL THE GOAT ❓Post-Earnings INSANITY! 🚀

Category: Education

Oh boy it's happening again today people it's 9:32 neil this is what's happening when you are a trader you wait for these kind of days and you take full advantage we have tqq we have tesla we have affirm and by the way who put this guy up on board there it's bulls ripping to the north side radi here... Read more

China Plus One- Opportunity for India thumbnail
China Plus One- Opportunity for India

Category: People & Blogs

आप समझ लें कि जब आप गाड़ी चलती है सबसे बड़ा कॉस्ट तो ड्राइवर का कॉस्ट होता है पर किलोमीटर या पर आर कितना कॉस्ट अगर आप उसको ऑटोमेट कर दें तो गाड़ी चलाना बहुत सस्ता हो जाएगा अगर चीन उसमें सबसे आगे बढ़ जाता है तो कोई गाड़ी वाला कंपीट ही नहीं कर पाएगा अगर आप उस रेस में घुस ही नहीं तो चीन जिस तेजी से इन्वेस्ट कर रहा है आप कभी कंपीट ही नहीं कर पाएंगे सबसे बड़ा बदलाव चीन में यही आया डब्ल्यूटीओ जवाइन करने का क्योंकि ग्लोबल मैन्युफैक्चरर्स इतनी... Read more

Tesla and EV World #10. T-Mobile Tests Wireless Alerts via Starlink Satellites thumbnail
Tesla and EV World #10. T-Mobile Tests Wireless Alerts via Starlink Satellites

Category: Autos & Vehicles

[music] welcome to the tesla daily news t-mobile tests wireless alerts via starlink satellites t-mobile successfully tested sending wireless emergency alerts wea via starlink satellites the test involved sending a hypothetical evacuation notice which was transmitted to space and back to t-mobile smartphones... Read more

Why Tesla Cybertruck is a FAILURE despite record sales thumbnail
Why Tesla Cybertruck is a FAILURE despite record sales

Category: Autos & Vehicles

Hey alex the cyber truck had two consecutive months with the title of the bestselling uh vehicle above 100,000 i can't imagine how it will be when the price goes down by 10 or 20% don't you think okay so massi i already addressed this last time first of all um yes when you when you come out with a product... Read more