03
May
12:37
Rivian secures $1.5 billion incentive package for Georgia plant
US electric vehicle start-up Rivian has secured $1.5 billion in an incentive package for its estimated $5 billion investment in Georgia, Kallanish reports.
The company will build its second EV factory at Stanton Springs North, near Atlanta, planned to produce up to 400,000 EVs per year when fully ramped up. Construction was set to start this summer to enable first production by late 2024.
In an agreement between the Georgia Department of Economic Development (GD…
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Very good overview of the weekly steel market.
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