Rivian will build a second, $5 billion EV plant in Georgia

Amazon-backed EV startup Rivian is going to build a second factory in Georgia where it will assemble up to 400,000 electric vehicles per year. The company made the announcement on Thursday alongside state representatives after months of speculation over where it would look to expand its manufacturing footprint. Rivian will start construction of the $5 billion facility in the summer of 2022 and expects to start making vehicles there in 2024.

Rivian is already building its first electric pickup trucks at a former Mitsubishi factory in Normal, Illinois. The company also said Thursday that it has shipped its first two SUVs. It is also committed to producing 100,000 custom delivery vans for Amazon, so it has been searching for a place to...