Rivian has announced plans to construct its next manufacturing facility in Stanton Springs North, near Social Circle, Georgia.
The project is expected to create 7,500 new manufacturing jobs and support the volume expansion of Rivian’s upcoming R2 SUV and R3 crossover models. Construction is scheduled to begin in 2026, with customer vehicle production planned for 2028.
To support this initiative, Rivian has closed its loan agreement with the US Department of Energy’s (DOE) Loan Programs Office (LPO) for up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest).
Rivian and the DOE worked collaboratively for over two years to finalize the agreement to advance American leadership in electric vehicles (EV) and sustainable manufacturing.
In fact, Rivian has already begun hiring for construction and management roles in the region, with multiple open positions statewide. Recruitment is expected to ramp up quickly as facility construction approaches. The loan will be split across two phases of Rivian’s Georgia facility.
Excluding capitalized interest, the first phase is expected to have a loan size up to $3.4B and the second phase up to $2.6B. A summary of key terms can be found here.
Advances under the loan are subject to the accuracy of certain representations and warranties, compliance with covenants and other conditions precedents. Rivian plans to design and build a manufacturing facility at the Stanton Springs site, less than one hour’s drive from downtown Atlanta, employing modern construction techniques and advanced environmental management while preserving natural spaces and investing actively in the surrounding communities.
Filed Under: Technology News