(Reuters) -Rivian Automotive ( RIVN ) said on Thursday it has received $827 million in incentives from the State of Illinois to expand operations at its Normal facility in the state.
The company's shares rose nearly 7% in afternoon trade. It had said it would delay construction of a second factory in Georgia.
Its less expensive R2 model unveiled in March would be produced at its first plant in Normal, Illinois, it had then said.