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Rivian Cuts Planned DOE Borrowing but Expands Georgia Factory Ambitions
Key Takeaways
- Rivian reduced its expected DOE borrowing for the Georgia factory from $6.6 billion to $4.5 billion.
- The company increased the plant’s initial planned capacity from 200,000 to 300,000 vehicles.
- Rivian says some capacity will support autonomous R2 robotaxis for Uber as production ramps toward 2028.
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DT Editorial Team··via techcrunch.com
