Get the latest tech news
Rivian wins $827M incentive package to expand Illinois factory for R2 production
Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. The
The company announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds to help expand its existing factory in Normal, IL, as well as build out supporting infrastructure and boost job training programs for Rivian’s workforce. The funding announcement comes just two months after Rivian unveiled the mid-size R2 SUV, which is supposed to start at around $45,000 when it goes on sale in 2026. But the company announced at the R2 event in March that it had decided instead to build the R2 in Illinois, where it currently makes the R1T pickup, the R1S SUV, and its commercial electric vans.
Or read this on TechCrunch
