RIVIAN CUTS GEORGIA FACTORY CAPACITY BY 25% AFTER DOE LOAN CUT

Rivian announced the revised plans following a modified loan deal with the US Department of Energy. The company had initially planned to build the Georgia facility in two phases, with each phase supporting 200,000 vehicles of annual capacity. The facility, which held a groundbreaking ceremony late last year, will now focus on a single-phase approach that reduces total annual production capacity to 300,000 units. The loan revision comes as the Trump administration reviews federal EV incentives and manufacturing agreements. Rivian has not disclosed specific details about the adjusted loan terms or timeline adjustments for reaching the reduced production target. The Georgia factory represents a significant portion of Rivian's manufacturing expansion plans as it ramps production of its R1T pickup and R1S SUV models.