Rivian Automotive Halts Plans for Georgia Factory, Saving Billions in Costs

Rivian Automotive Inc. has announced the halting of plans to build a new multibillion-dollar factory in Georgia, saving over $2.25 billion in capital expenditures. The decision will shift planned production of the forthcoming R2 model to an existing facility in Illinois, enabling earlier deliveries in the first half of 2026. This unexpected move has cast uncertainty over the high-profile factory project, but CEO RJ Scaringe emphasized its continued importance to the company.