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After an upgrade, its main plant in Normal, Illinois, is projected to churn out 200,000 EVs, while the new $5B plant in Georgia is expected to double the figure to 400,000 EVs starting in 2024.
Source: https://247wallst.com/investing/2023/06/20/tesla-up-3-3-as-rivian-agrees-on-charging-standard/
Rivian, which halved its initial 50,000 production forecast in March 2022, said on Tuesday that it produced 24,337 vehicles last year at its Normal, Illinois, plant, and delivered 20,332.
What Happened: Prospective customers can shop for an R1T at Rivian’s service center in Normal, Illinois, on June 17 from 10 am to 6 pm, CDT.