# Rivian is still in the early stages of ramping production, particularly for its R2 model.

*business · news · 2026-05-01 · Benzinga*

## Key points

- Rivian increased planned capacity for its Georgia plant’s first phase to 300,000 units.
- Rivian expects Georgia plant production to begin in late 2028 after finalizing a government loan agreement.
- The company has not yet seen meaningful impact from macro uncertainties on R2 demand.
- Rivian plans to reach over 500,000 units capacity combined from Illinois and Georgia facilities.
- Short-term momentum is easing, with the MACD line below signal and a negative histogram.

**Companies:** Rivian
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52210222/rivian-doubles-down-on-r2-as-demand-pulls-in-first-time-ev-buyers)

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