[Music] rivan Automotive a leading Electric Vehicle Manufacturer has secured an 827 million incentive package from the state of Illinois Department of Commerce and Economic Opportunity this funding will facilitate the expansion of rivan's plant in Normal Illinois focusing on plant expansion infrastructure enhancements and Workforce Development initiatives in March the facility announced the commencement of production for its highly anticipated midsize SUV the R2 will offer a blend of performance capability and utility tailored for both adventurous trips and everyday use underpinned by a versatile platform Additionally the existing plant will continue producing r1s r1t and commercial electric delivery vehicles with facility updates set to begin soon RG scaring rivan founder and chief executive officer stated the support from the state will allow us to quickly bring our midsize SUV the R2 to Market and provide even greater consumer choice for EVS rivan is an American automotive manufacturer that develops and builds category defining electric vehicles and accessories shares of rivan Automotive trade on the NASDAQ under the ticker symbol R ivn for more information or to sign up for our free daily newsletter visit greenstock [Music] news.com thanks for watching greenstock news if you like the video please hit the like button if you want to see Daily greenstock News videos hit the Subscribe button and if you have something to say please leave a comment