Rivian revised its U.S. Department of Energy loan for the Georgia factory to $4.5 billion. This total is a reduction from the previously approved $6.6 billion. The new structure consolidates funding into a single phase to accelerate capital access.
The company increased the facility's planned initial annual capacity by 50%. Production targets rose to 300,000 vehicles per year. This plant is essential for manufacturing the lower-cost R2 vehicle line.
Vertical construction is scheduled to begin in 2026. Rivian expects the first loan draw by early 2027. Vehicle production will start in late 2028.