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What's Going On With EV Maker Rivian Stock On Tuesday?

Benzinga LogoBenzinga14h ago

What's Going On With EV Maker Rivian Stock On Tuesday? - Benzinga

Quick Summary:

Governor JB Pritzker and Rivian said that the company is investing nearly $120 million to build a 1.2 million-square-foot facility that will host component suppliers near its existing EV factory.

The project is part of Rivian's broader push to streamline its production process and deepen relationships with suppliers as it scales up operations.

The EV maker is investing heavily in its operations in Normal, Illinois, with the development of a new supplier park near its electric vehicle manufacturing facility.

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Article Details

Author / Journalist: Shivani Kumaresan

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 17:12:35 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28444210

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 40 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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