Rivian Automotive Secures Major State Support

Rivian Automotive has successfully secured an $827 million incentive package from the State of Illinois, designed to back the production of their forthcoming electric vehicle, the R2 This significant financial support, announced last Thursday, will aid in the expansion of Rivian's factory based in Normal, Illinois The funds are earmarked for several important areas including factory expansion, infrastructure upgrades, and workforce job training enhancements. This move indicates the state's commitment to fostering innovation and job creation in the electric vehicle sector.