Rivian CEO: Will scale global production with new plant in Georgia

Production & Expansion - Rivian is building a $5 billion plant in Stanton Springs to scale global production [1] - The new plant is planned to produce 400,000 units annually [2] - Production at the new plant is expected to begin in 2028 [2] EV Demand & Market - The industry anticipates a dip in EV sales starting next quarter [2] - Rivian is optimistic about EV demand beyond the short-term impact of the tax credit ending, particularly for the R2 model [3][4] - The R2 is a five-passenger SUV starting at $45,000 [4] Supply Chain & Raw Materials - Rivian is dependent on China for heavy rare earth metal exports in the short term [7] - Rivian is developing technologies to build motors without heavy rare earth metals [8] - Rivian is focused on assessing and ensuring the health of its supply base, particularly tier 2, 3, and 4 suppliers [9][10] Government & Partnerships - Rivian has a strong relationship with the Department of Energy [12] - Rivian has a $5.8 billion joint venture and software supply agreement with Volkswagen [13]