Rivian (RIVN) gets $16 million for a new supplier park: A ‘key enabler’ to ramp EV production

Rivian (RIVN) is charging ahead with another major project. The EV maker is building a new 1.2 million-square-foot supplier park near its Normal, Illinois, manufacturing plant as part of a nearly $120 million investment. With a $16 million incentive package from the state, Rivian expects it to be “a key enabler” as it ramps up EV production.

more…