Rivian Says No Changes To R2 Production Plans; Co To Build R2 At Normal, Illinois Plant Followed By Planned Georgia Plant
Portfolio Pulse from Benzinga Newsdesk
Rivian has announced that there will be no changes to its R2 production plans. The company will build the R2 at its Normal, Illinois plant, followed by a planned plant in Georgia.
July 02, 2024 | 8:21 pm
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Rivian has confirmed that there will be no changes to its R2 production plans. The R2 will be built at the Normal, Illinois plant, followed by a new plant in Georgia.
The confirmation of no changes to the R2 production plans provides stability and clarity for investors. The expansion to a new plant in Georgia indicates growth and commitment to scaling production, which is positive for Rivian's future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100