Multiple U.S. states have bid for the plant, which will be announced in a couple of months and break ground early next year.
T. Rowe Price
A second U.S. plant will expand the company's capacity and include a 50 gigawatt-hour battery cell production operation built in phases, as well as a product and technology center, according to documents seen by Reuters that were submitted to state economic development officials. While the documents did not mention Rivian, sources told Reuters that Tera and Rivian were one and the same.
The project requires an estimated 2,000 acres of land and the site would seek to achieve net-zero carbon emissions as soon as possible, according to the proposal.
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