{"id":211263,"date":"2024-03-08T09:55:28","date_gmt":"2024-03-08T09:55:28","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/08\/rivian-is-halting-construction-of-its-5-billion-georgia-plant-to-save-money\/"},"modified":"2025-06-25T17:21:03","modified_gmt":"2025-06-25T17:21:03","slug":"rivian-is-halting-construction-of-its-5-billion-georgia-plant-to-save-money","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/08\/rivian-is-halting-construction-of-its-5-billion-georgia-plant-to-save-money\/","title":{"rendered":"Rivian is halting construction of its $5 billion Georgia plant to save money"},"content":{"rendered":"

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Rivian generally had a good day yesterday, launching<\/a> the R2 SUV along with the surprise R3 crossover and dune buggy-esque R3X that were met with general acclaim. Buried in that press release<\/a>, however, was the news that the automaker is halting production of its $5 billion Georgia plant in order to save money.<\/p>\n

Instead of building the R2 in Georgia as originally planned, the company will start production of the electric SUV at its existing Normal, Illinois plant. “Beyond significantly reducing the amount of capital needed to bring R2 to market, the company believes this approach considerably reduces risk to the launch and associated ram,” the company said.<\/p>\n

The move will also allow Rivian to bring the R2 to market sooner, in the first half of 2026, while saving the company $2.25 billion in capital spending in the short term. That’s important since it has been burning through cash of late, according to recent reports<\/a>.<\/p>\n

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