{"id":1004705705,"date":"2024-03-08T05:14:08","date_gmt":"2024-03-08T13:14:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004705705"},"modified":"2024-03-08T06:49:06","modified_gmt":"2024-03-08T14:49:06","slug":"rivian-suspends-5b-plant-project-near-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rivian-suspends-5b-plant-project-near-atlanta\/","title":{"rendered":"Rivian Suspends $5B Plant Project Near Atlanta"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0c4d83ef779&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"798\" height=\"600\" data-attachment-id=\"1004695622\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clayco-to-build-5b-rivian-ev-plant-near-atlanta\/rivian-campus-in-georgia\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg\" data-orig-size=\"798,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rivian campus in Georgia\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Electric vehicle manufacturer Rivian has selected Clayco to construct its $5 billion plant on an 1,800-acre site in Stanton Springs, Ga. Image courtesy of Rivian and Clayco&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg?w=798\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg\" alt=\"Electric vehicle manufacturer Rivian has selected Clayco to construct its  billion plant on an 1,800-acre site in Stanton Springs, Ga.\" class=\"wp-image-1004695622\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg 798w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Rivian-campus-in-Georgia.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 798px) 100vw, 798px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Rivian selected Clayco to construct its $5 billion plant on an 1,800-acre site in Stanton Springs, Ga. <em>Image courtesy of Rivian and Clayco<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Electric vehicle manufacturer Rivian has put on hold the development of its $5 billion, 16 million-square-foot plant in Stanton Springs, Ga., according to <em>Forbes<\/em>, in an effort to cut costs. This move will save the company nearly $2.3 billion in capital expenditures, <em>Bloomberg<\/em> reported.<\/p>\n\n\n\n<p>The project was set to take shape some 40 miles from Atlanta, on an 1,800-acre site located in the Morgan and Walton counties. The development team included Jacobs Inc. as engineer of record and Skidmore, Owings &amp; Merrill the design architect. In late December, Rivian selected <a href=\"https:\/\/www.commercialsearch.com\/news\/clayco-to-build-5b-rivian-ev-plant-near-atlanta\/\">Clayco to construct the plant<\/a> and the formal groundbreaking ceremony was set to early 2024.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-momentum-hits-the-brakes-commercialedge\/\">Industrial Momentum Slows Down<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The California-based company first announced the project, considered at the time the largest industrial plant to be developed in Georgia, in 2021. The following year, Rivian secured a $1.5 billion package of state and local incentives, the biggest in the state&#8217;s history. In November 2023, The Joint Development Authority of Jasper, Morgan, Newton and Walton counties approved the resolutions to finalize the 50-year lease agreement, effectively kickstarting the construction phase.<\/p>\n\n\n\n<p>Initial plans included the production of 400,000 electric vehicles per year and the employment of 7,500 workers. The production phase was expected to start in 2026, with the full buildout ready by 2030. Due to the current halt of development at the Georgia factory, Rivian plans to assemble the new EV models at its existing plant in Illinois.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ev-manufacturing-still-on-the-move\">EV manufacturing, still on the move<\/h2>\n\n\n\n<p>Meanwhile, several other similar projects have been advancing in the last few months. In November, Toyota made an <a href=\"https:\/\/www.commercialsearch.com\/news\/toyota-boosts-ev-battery-plant-investment-to-14b\/\">$8 billion investment<\/a> at its North Carolina EV battery manufacturing plant. This consolidated the company\u2019s presence in the region, as the total investment amounted to $14 billion.<\/p>\n\n\n\n<p>And, last month, Ascend Elements raised an additional $163 million in equity investments that will accelerate the development of a <a href=\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-raises-162m-in-latest-equity-round\/\">Kentucky manufacturing plant<\/a>, valued at $1 billion. Similarly, Hankook Tire is continuing the <a href=\"https:\/\/www.commercialsearch.com\/news\/hankook-taps-clayco-for-1-6b-tennessee-expansion\/\">2.2 million-square-foot expansion<\/a> at its plant in Clarksville, Tenn., tapping Clayco as general contractor for the $1.6 billion project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Groundbreaking on the project had been scheduled for early this year.<\/p>\n","protected":false},"author":2829,"featured_media":1004695622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21808,21748,21742,32781],"tags":[32869,33165,36182],"class_list":["post-1004705705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-featured","category-industrial","category-latest","category-southeast","tag-clayco","tag-jacobs-engineering-group","tag-skidmore-owings-and-merrill"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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