Electric vehicle startup Rivian is reportedly considering a second U.S. assembly plant. Texas is apparently on the short-list of possible locations for the $5 billion factory.
Documents obtained by Reuters confirm Rivian is exploring Fort Worth, Texas as a possible location for the new factory. Described in the documents as ‘Project Tera,’ they suggest the factory would create around 7,500 jobs by 2027. The plant capacity is described as 200,000 vehicles per year. Reuters adds that factory would be built on a 2,000-acre site on the west side of Fort Worth.
This would not be the first auto plant in the Dallas area. General Motors operates an assembly plant in Arlington, Texas.
The city of Fort Worth has committed grants and tax abatements to Rivian that are valued at $440 million. Rivian is committing that all workers of the factory will make a minimum of $56,000 per year.
While it appears Rivian and Fort Worth have gotten down to the details, it is unlikely a done-deal. Rivian has disclosed it is exploring several possible locations to supplement its assembly plant in Normal, Illinois. Rivian recently stated that Mesa, Arizona is another possible location for the factory.
It is normal for automakers to bid multiple cities against one another to get the best incentives. Rivian has stated its second assembly plant will include battery production as well.
It’s unclear what Rivian’s timeline is for selecting a final location.