Rivian Boosts Georgia Plant Capacity 50% to 300K, Secures $4.5B DOE Loan
Rivian raised Georgia plant capacity by 50% to 300,000 vehicles annually and secured up to $4.5 billion in DOE financing (including $494 million capitalised interest). In Q1, it reported adjusted EBITDA of -$472 million on $1.38 billion revenue, topped estimates, but forecast 62,000-67,000 deliveries with $1.80-2.10 billion EBITDA loss and $1.95-2.05 billion CapEx.
1. Georgia Plant Expansion and DOE Financing
Rivian increased planned capacity at its Stanton Springs North facility by 50% to 300,000 vehicles annually and secured a revised loan package of up to $4.5 billion from the Department of Energy, comprising $4 billion in principal and $494 million in capitalised interest.
2. Q1 Financial Performance
In the first quarter, Rivian reported adjusted EBITDA of -$472 million on $1.38 billion in revenue, outperforming consensus estimates despite a 4% share price drop driven by margin pressure from reduced regulatory credit sales and a shift toward commercial van deliveries.
3. 2026 Outlook and Capital Expenditures
For full-year 2026, the company forecasts 62,000 to 67,000 vehicle deliveries, an adjusted EBITDA loss of $1.80 billion to $2.10 billion, and capital expenditures between $1.95 billion and $2.05 billion as it prepares for Georgia production launch.
4. Strategic Growth Initiatives
Software and services revenue rose 49% year-over-year, Volkswagen Group committed $1 billion in strategic investment, and Rivian plans to manufacture up to 50,000 Uber robotaxis at the Georgia plant starting in late 2028.