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Rivian plans to spend $10 million in a remanufacturing facility in Kentucky because the automaker continues to ramp up manufacturing of its all-electric autos.
Kentucky Governor Andy Beshear stated Rivian would make investments $10 million within the plant and plans to improve its present facility. The corporate at present shares substitute components on the facility however will set up a full remanufacturing operation to assist assist guarantee, restore, and repair of its all-electric vans and SUVs.
The $10 million funding will assist develop the potential and capability of the location, and will probably be chargeable for remanufacturing electrical {hardware}, drive items, and battery methods, which might assist the automaker make amends for its evergrowing order log.
“Kentucky’s manufacturing and EV industries have seen unprecedented development just lately,” Governor Beshear stated. “Continued funding in our key industries is vital for our fast and long-term financial success. Rivian is an impressive firm that has been a serious participant in our state’s manufacturing and EV sectors, and this growth is an thrilling subsequent step for the corporate right here within the Commonwealth. I stay up for their continued success right here.”
Beshear’s workplace stated the brand new, repurposed plant would assist create 218 full-time employment alternatives.
Kentucky has been considerably of a hotspot for EV investments, particularly by way of large-scale manufacturing initiatives. In lower than three years, greater than $10.6 billion in EV-related initiatives have been introduced within the Commonwealth.
Rivian has struggled to ramp manufacturing, as each electrical automobile firm has in its early days. Nevertheless, the corporate beat Q1 supply expectations and acknowledged it believes it’s on observe to ship 50,000 autos this 12 months.
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