Rivian has good news about its EVs and some not-so-good news about its factory plans
Posted On October 4, 2022
Rivian made over 7,000 electric vehicles over the last three months and reaffirmed its goal to produce 25,000 vehicles by the end of the year. It was a sign that the company is continuing to rise above its early stumbles as it seeks to dominate the EV market with its beautifully designed emissions-free, adventure-themed trucks and SUVs.
The positive production report came on the heels of a less-than-positive update about the buzzy EV startup’s plans to build a $5 billion factory in Georgia. A judge ruled last week that the state’s economic development authority failed to justify the use of taxpayer-funded money to subsidize the project, throwing the whole project into question.