Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Electric vehicle maker, Rivian is in talks to invest a minimum of $5bn in a new vehicle plant near Fort Worth, Texas, according to reports.


In the southern regions of the US, as new entrants are taking on incumbents in a race to develop EVs, the offer at Fort Worth is a portion of a larger bidding war by state and local officials. 


The factory, “Project Tera”, would annually produce around 200,000 vehicles and will be located on a 2,000-acre site near Fort Worth. 

The city is currently offering grants and tax abatements of up to $440mn to attract the Rivian bid. 


The Amazon-backed EV maker is also considering land near Mesa, Arizona for its new EV plant. 

Leave a Reply

Your email address will not be published.