Rivian considers US$5 billion EV plant in Texas, document shows

AUSTIN, Texas : Amazon.com Inc backed electric vehicle company Rivian is in discussions to invest at least US$5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.

The factory, described in the document as"Project Tera", would create at least 7,500 jobs by 2027 and produce around 200,000 vehicles a year. The plant would be located on a 2,000 acre site west of Fort Worth, the presentation by the city's economic development department showed.

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