**Tesla Competitor Rivian Said On Monday That Its Planned Electric Vehicle Plant In Georgia Would Receive $1.5 Billion In State And Local Subsidies** The Company Previously Announced Plans To Invest $5 Billion To Build A Plant In Georgia And Is Expected To Open By The End Of 2024, Employing About 7500 People. Rivian And The Georgia Department Of Economic Development Said The Average Annual Salary Of These Workers Was $56000.
The Company Must Meet Employment And Investment Targets By 2028 To Receive Full Incentive Bonuses And Tax Relief.
Rivian Is Supported By Amazon And Ford. The Company Said Last Month That It Was Expected To Produce 25000 Electric Vehicles This Year. Last Year, The Company Failed To Achieve Its Goal Of Producing 1200 Electric Vehicles. It Only Produced 1015 And Delivered 920.
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"Tesla Killer" Rivian Will Receive $1.5 Billion In Factory Construction Subsidies
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