Backed by state incentives, Rivian to invest $1.5 billion and add more than 550 jobs to build new R2 EV at Normal plant

Rivian has announced a $1.5 billion investment to produce its new R2 electric vehicle at its Normal, Illinois plant, bolstering the local economy with over 550 jobs. The expansion, fueled by $827 million in state incentives, will increase the plant's production capacity and is part of a strategic move to keep manufacturing in Illinois instead of moving to a new plant in Georgia. Rivian's choice is supported by state tax credits and is contingent on the company meeting specific investment and employment targets over the next 30 years.