Rivian’s plans for its Georgia factory just got bigger. The electric vehicle maker announced it’s expanding its planned plant to produce 300,000 vehicles per year. That’s a 50% jump from the original plan of 200,000 vehicles annually.
Rivian is scaling up its Georgia factory plans, boosting annual production capacity by 50% to 300,000 vehicles.
The company also secured an amended federal loan of $4.5 billion from the U.S. Department of Energy. That’s down from the original $6.6 billion loan. The new loan includes just over $4 billion in principal borrowing plus $494 million in capitalized interest. Rivian expects to make its first loan draw by early 2027.
The factory is called Stanton Springs North. It sits on a 2,000-acre site in Morgan and Walton counties, about one hour east of Atlanta. Site preparation is already moving forward, especially around the stamping press area. Vertical construction is set to begin in summer 2026, with major structures expected to rise that same summer. The first phase of the plant is planned to open in late 2028.
Rivian’s main focus for the plant is building its new midsize SUV, the R2. The company also plans to produce up to 50,000 robotaxis starting in late 2028. That robotaxi program is being developed in partnership with Uber Technologies. Building more vehicles at one site helps lower the cost per vehicle, which supports Rivian’s goal of becoming profitable.
The earlier plan was previously planned in two phases totaling around 200,000 vehicles initially. The updated plan combines that into one larger first phase of 300,000 vehicles. Rivian says it’s funding future expansion phases beyond the first phase on its own. The company says there’s still room to grow beyond 300,000 vehicles at the site, with potential to exceed 300,000 vehicles in future expansions.
The announcement was made on a Thursday before April 30, 2026. The loan amendment was handled through the Department of Energy’s Office of Energy Dominance Financing. Rivian says the bigger first phase lets it ramp up production faster while still leaving options open for future growth. The expansion comes as many automakers face battery factory cancellations driven by high production costs and limited access to critical materials like lithium and cobalt. The company’s calling it a critical step toward meaningful scaling. Rivian is led by CEO RJ Scaringe, who has been central to the company’s push toward large-scale electric vehicle manufacturing. This update is among the major corporate news developments tracked by the staff at StreetInsider.com, where the Corporate News category has accumulated 390,742 total articles posted.
References
- https://www.ajc.com/business/2026/04/rivian-to-boost-ev-production-at-planned-georgia-plant-shrinks-doe-loan/
- https://www.streetinsider.com/Corporate+News/Rivian+increases+Georgia+plant+capacity+to+300
- https://www.bizjournals.com/atlanta/news/2026/04/30/rivian-georgia-plant-increase.html
- https://www.investing.com/news/company-news/rivian-increases-georgia-plant-capacity-to-300000-vehicles-93CH-4651185
- https://rivian.com/newsroom/article/rivian-announces-optimized-capacity-plan-for-georgia-plant
