Georgia judge greenlights property tax savings for Rivian EV plant ajc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajc.com Daily Mail and Mail on Sunday newspapers.
The electric automaker was promised $15 billion of bond proceeds and other incentives to set up shop in Jasper County, Georgia. It can walk away from the state-backed deal up until Monday.
The permit clears land in rural Georgia for redevelopment by the electric vehicle maker, which is separately trying to validate up to $15 billion of bonds.
Georgia authorities and local residents opposed to construction of the new EV production facility are now arguing their case in Georgia's Court of Appeals.
Company and government leaders touted new technologies and thousands of jobs as Hyundai Motor Group EV broke ground nearby on a $5.54 billion factory, the South Korean giant’s biggest investment outside its home nation.
It seems like Rivian has encountered a new hurdle in its Atlanta factory project. Rivian recently reaffirmed its Electric Vehicle (EV) production goal to 25,000 by end of 2022, as reported by The Verge.
Over 7,000 vehicles came off the line in Q3, putting it on track for its goal of 25,000 by year's end. But a disappointing court ruling out of Georgia threatens plans for a new factory there.