Rivian could invest as much as $5 billion into establishing a new factory near Fort Worth, Texas.
City documents describe the factory as ‘Project Tera’ and indicate that it would create at least 7,500 jobs by 2027 and produce around 200,000 vehicles annually. Reuters reports that the facility would be located on a 2,000 acre site west of Fort Worth and workers at the factory would earn a minimum average annual salary of $56,000.
Rivian has been open about its plans to establish a second production facility in the United States and has acknowledged that it is in discussions with multiple locations as it determines the best place to establish the site. To help entice the electric start-up, the city of Fort Worth has promised grants and tax abatements of up to $440 million.
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Another site being considered by Rivian is on land east of Mesa, Arizona. According to Reuters, Rivian chief executive R.J. Scaringe has already spoken with Arizona Governor Doug Ducey about the project. The company already has a small engineering and test facility about 35 miles (56 km) northeast of Phoenix, while Arizona is proving particularly popular among start-ups with both Lucid and Nikola establishing assembly sites on the state.
It is understood that Rivian’s second factory will include battery cell production, as well as a product and technology center.
“The company has recognized that future production and product plans will not be fully met by the current capacity at Rivian’s Normal, Illinois facility,” the company acknowledged in a document shared with state economic development officials.
