$Rivian Automotive (RIVN.US)$ Rivian has disclosed that its ...
$Rivian Automotive(RIVN.US$ Rivian has disclosed that its factory in Nomore, Illinois, has an annual capacity of 150,000 EVs, and plans to increase that to 200,000 with more investment in the R1 production line. In addition to its factory in Nomore, Illinois, Rivian has also announced that it will build a $5 billion plant near Atlanta with the capacity to produce 400,000 electric cars a year.
Investment banks including Wedbush, $Morgan Stanley(MS.US$ and Piper Sandler maintained their positive ratings on the stock, despite investor jitters following Rivian's earnings report last week.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Ladypeg : So glad to see Rivian spreading it's wings to other US locations! Just a tiny point Sam, it's in Normal, Illinois. A southern Illinois town that also holds Wesleyan University, so it'll be a fantastic place for Rivian. Guess I need to buy more and hodl for a great flight! Merry Christmas!