Ex-Mitsubishi plant now owned by Rivian Automotive

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follow the latest development of"automotive" from different sites to most famous technicals /Christian Prenzler by 2017-01-08 at 17:51

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Rivian Automotive Closes Deal on Massive Factory in Illinois

- Michigan-based electric vehicle startup, Rivian Automotive, just closed its purchase of the Mitsubishi Motors North America facility in Normal, Illinois.Records show that the factory was first purchased by liquidation firm, Maynards Industries, in June of 2016 for $2.5M, not including machinery, before Rivian's recent acquisition for an undisclosed amount.The electric car upstart plans to invest $40.5 million into the factory over the next five years and begin vehicle production in 2019.
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Michigan-Based EV Startup Rivian Automotive Purchases Enormous Former Mitsubishi Factory

- 7 hours ago by Steven LovedayRivian Automotive essentially appeared from nowhere, and now as Teslarati reminds, the company has bought a massive car factory.This is huge news for EV enthusiasts.To put it into perspective, the former Mitsubishi Factory in Normal, IL is more than half the size of the current Tesla Gigafactory, and is located on a substantial piece of property that is over 60 percent of the size of the Gigafactory's land.
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Former Mitsubishi Plant Now Owned by Rivian Automotive

- Rivian Automotive has completed the purchase of the former Mitsubishi plant in the central Illinois city of Normal, where it plans to manufacture electric vehicles.The Pantagraph in Bloomington reports Rivian CEO R.J. Scaringe said Thursday in a statement the company "couldn't be more excited" in purchasing the plant.He added the location will be crucial to bringing the company's products to market.
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Ex-Mitsubishi plant now owned by Rivian Automotive

- NORMAL (AP) — Rivian Automotive has completed its purchase of the former Mitsubishi plant in the central Illinois city of Normal, where it plans to manufacture electric vehicles.Rivian Automotive CEO R.J. Scaringe said in a statement Thursday that the company "couldn't be more excited" in purchasing the plant.He added the location will be crucial to bringing the company's products to market.
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