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Rivian reportedly will invest $5 billion in second U.S. assembly plant

Rivian

Reuters has reported that Rivian plans to establish a second U.S. electric vehicle assembly plant—a $5 billion initial investment. A location has not been identified.

The initial proposal seen by Reuters did not identify Rivian by name. The factory is scheduled to begin production in Q2 2023, according to the revised proposal. Rivian declined to comment on the Reuters story.