The trouble with launching a brand-new car company is that it's really, really expensive. It takes enormous, long-term investments in new manufacturing facilities, supply chains, workers and so on to succeed in the car business. It's a lot more capital-intensive and a lot less profitable than, say, starting a software company from your dorm room.
Rivian's funding boost in state incentives of $827 million will aid in expanding its Illinois factory, supporting the production of upcoming mass-market SUV R2, aiming for financial sustainability.
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