Rivian Announces $827 Million From Illinois For Plant Expansion — Triggering Share Jump

Rivian paused plans for a $5 billion production facility in Georgia about two months ago as part of a cost-cutting measure.

By: Forbes

May 28 2024
41
3749 Views

Rivian shares increased as much as 9% in intraday trading Wednesday following an announcement it will receive $827 million from the state of Illinois for the expansion of its plant in the city of Nor… [+2462 chars]

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