Automobile

Tesla Competitor Rivian Is Building $5 Billion Plant | MotorBiscuit

Tesla’s biggest competitor just made a major production move. Rivian was founded in 2009, six years after Tesla began working on electric vehicles and clean energy. In the last decade, Rivian has generated an enormous amount of attention, it even got onto Amazon founder Jeff Bezos’ radar. Now, Rivian is building a $5 billion plant to get more of its electric vehicles on the road.

Rivian’s $5 billion plant

The Rivian R1T | Michael Brochstein/SOPA Images/LightRocket via Getty Images

The electric vehicle industry is uncharted territory in many ways. Despite Tesla’s many models and historic moments, it is still in its infancy as an automaker. This makes Rivian an even younger automaker in comparison, and both companies have a lot to prove.

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