Index Investing News
Sunday, April 12, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Clayco to Build $5B EV Plant Near Atlanta

by Index Investing News
December 25, 2023
in Property
Reading Time: 2 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


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

Electric vehicle manufacturer Rivian has selected Clayco to construct its $5 billion, 16 million-square-foot plant on an 1,800-acre site in Stanton Springs, Ga., about 40 minutes outside Atlanta in Morgan and Walton counties.

Jacobs Inc. is the engineer of record and Skidmore, Owings & Merrill is the design architect for the mega-manufacturing complex.

The California-based company expects to hold a formal groundbreaking in early 2024 and start vertical construction shortly after the event. The upper pad is 95 percent graded and nearly ready for construction to begin, according to Rivian. The company has opened an office in Covington, Ga., a short drive from the future factory, and recently set up space at Ponce City Market in Atlanta to educate the public about the vehicles and provide information about ordering them.


READ ALSO: What’s Driving the Manufacturing Revival?


Production is expected to start in 2026, with an estimated output of 200,000 vehicles a year. At full buildout by 2030, the company plans to manufacture 400,000 EVs a year. The Stanton Springs facility, which is expected to employ 7,500 workers, will be making the company’s next line of vehicles, a crossover that will be known as the R2.

Rivian currently manufactures the R1T truck and R1S SUV, at its plant in Normal, Ill., a former Mitsubishi factory. Rivian expects to unveil the design of the R2 next year. Prices for the new model, which is aimed at a mass market, should start between $40,000 and $45,000. The current models start at more than $70,000.

In November, the Joint Development Authority of Jasper, Morgan, Newton, and Walton Counties approved several resolutions to finalize the 50-year lease agreement for the site and construction bonds. The state of Georgia and local governments have offered incentives to Rivian valued at about $1.5 billion.

North Carolina plant

Clayco, based in Chicago, is a full-service real estate development, master-planning, architecture, engineering and construction firm. It is the general contractor and construction manager for another major EV manufacturing plant in the Southeast. In August, the company broke ground on a $4 billion facility for VinFast on an 1,800-acre site in Chatham County, N.C. The development marks the first EV manufacturing plant in the state and VinFast’s first facility in the U.S. The Vietnam-based company plans to build at least eight structures totaling 2.9 million square feet on the campus.

Phase 1 will cost nearly $2 billion and will build VinFast’s VF 7, VF 8 and VF 9 electric vehicles at a rate of about 150,000 vehicles annually. The second phase will focus on battery production.



Source link

Tags: AtlantabuildClaycoplant
ShareTweetShareShare
Previous Post

COP28 was a ‘very delicate balance’

Next Post

This diversified industry large-cap play remains on analysts’ ‘buy’ list despite jumping 40% in 12 months

Related Posts

Two Midwesterners Found Their Oasis in the New Mexico Desert

Two Midwesterners Found Their Oasis in the New Mexico Desert

by Index Investing News
April 9, 2026
0

When Karina Peggau and Kain Lager-Lowe gave themselves a single weekend to find a new house in a city they...

5 Years. M In Sales. Here’s The Blueprint Behind It All

5 Years. $50M In Sales. Here’s The Blueprint Behind It All

by Index Investing News
April 5, 2026
0

There’s no single path to building a successful real estate business. That truth became especially clear in a recent conversation...

Just Listed | 140 SW Peacock Boulevard #21-202

Just Listed | 140 SW Peacock Boulevard #21-202

by Index Investing News
March 28, 2026
0

Spacious second floor corner unit condo for Sale in The Belmont BEAUTIFUL IN THE BELMONT2 Beds | 2 Baths This recently...

Keller Williams Expands to Croatia

Keller Williams Expands to Croatia

by Index Investing News
April 1, 2026
0

Keller Williams Realty, LLC (KW), the world’s largest real estate franchise by agent count, is expanding across Europe. As momentum...

Sheriff Chris Nanos Reveals Why Nancy Guthrie’s Neighbors Were Asked To Share Security Footage From Weeks Before Her Disappearance

Sheriff Chris Nanos Reveals Why Nancy Guthrie’s Neighbors Were Asked To Share Security Footage From Weeks Before Her Disappearance

by Index Investing News
March 24, 2026
0

To see our latest updates on the Nancy Guthrie case, please click here. The sheriff leading the investigation into Nancy Guthrie's...

Next Post
This diversified industry large-cap play remains on analysts’ ‘buy’ list despite jumping 40% in 12 months

This diversified industry large-cap play remains on analysts' 'buy' list despite jumping 40% in 12 months

S&P revises Highwoods Properties outlook to negative on office market pressures (NYSE:HIW)

S&P revises Highwoods Properties outlook to negative on office market pressures (NYSE:HIW)

RECOMMENDED

Nobel Peace Prize winners blast Putin’s invasion of Ukraine

Nobel Peace Prize winners blast Putin’s invasion of Ukraine

December 10, 2022
Workplace Building Progresses in Phoenix

Workplace Building Progresses in Phoenix

June 18, 2022
Making ,000/Month Money Stream from ONE Rental and ONE Enterprise in ONE 12 months

Making $13,000/Month Money Stream from ONE Rental and ONE Enterprise in ONE 12 months

April 21, 2025
Solana Value Prediction: SOL Soars 20% In A Week As Bullish Pennant Emerges, However Is This New Base Crypto A Higher Decide?

Solana Value Prediction: SOL Soars 20% In A Week As Bullish Pennant Emerges, However Is This New Base Crypto A Higher Decide?

July 20, 2024
Peace In Ukraine – FREEDOMBUNKER

Peace In Ukraine – FREEDOMBUNKER

December 15, 2024
Meganne Wecker On The Evolution Of Skyline Furniture And Cloth & Company

Meganne Wecker On The Evolution Of Skyline Furniture And Cloth & Company

February 18, 2023
President Trump’s Assault on Brutalist Structure in Washington

President Trump’s Assault on Brutalist Structure in Washington

February 23, 2025
Why Meta Launched A NFT Minting Feature On Instagram

Why Meta Launched A NFT Minting Feature On Instagram

November 3, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In