Rivian Launches Apprenticeship Program to Support Georgia Plant

Rhea-AI Summary

American all-electric vehicle manufacturer Rivian has launched a new apprenticeship program to train staff for its future manufacturing plant in Georgia. The program will provide in-depth training and on-the-job experience for maintenance technicians. Tuition will be covered by the State of Georgia, and participants will be paid employees throughout the program. Upon completion, graduates will support production and operations at Rivian's facility.

Positive

• Rivian launches apprenticeship program to train staff for its future manufacturing plant in Georgia
• Program provides in-depth training and on-the-job experience for maintenance technicians
• Tuition covered by the State of Georgia, participants will be paid employees throughout the program
• Graduates will support production and operations at Rivian's facility

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• None.

Curriculum to prepare first cohort of industrial professionals for work at next-generation manufacturing facility

IRVINE, Calif.--(BUSINESS WIRE)-- American all-electric vehicle manufacturer Rivian today announced the launch of a new apprenticeship program to support the development of trained staff at its future manufacturing plant in Stanton Springs North, Georgia.

The program will recruit an initial group to support future industrial maintenance needs through a 24-month, in-depth training period. Local Georgia community colleges are able to accelerate in-person learning for 24 weeks, after which all apprentices will travel to Rivian’s plant in Normal, Illinois for 12-18 months of on-the-job training, a requirement of the apprenticeship program.

Program tuition will be covered by the State of Georgia’s HOPE Grants, with incremental expenses (textbooks, materials, etc.) paid for by Rivian. Throughout the program duration, all participants will be paid employees as maintenance technicians for Rivian. Upon completion of the program, the graduated apprentices will relocate to Stanton Springs North to support production and operations at Rivian’s future facility.

“We’re excited to launch this apprenticeship program as an important milestone toward launching our R2 manufacturing plant in Georgia,” said Rivian Founder and CEO RJ Scaringe. “Critical for the launch of this facility is to establish a pipeline of talent that will help us hit the ground running once the facility is operational.”

“I am always proud to support companies who come to Georgia because of our great business environment,” said Lt. Governor Burt Jones. “I think it is important for the state to partner with companies like Rivian to create critical job opportunities through initiatives like the apprenticeship program.”

Rivian’s Stanton Springs North site, near the City of Social Circle, will be constructed in multiple phases and will employ 7,500 people by 2030. Rivian will continue to scale its recruiting efforts in the Peach State as it approaches vertical construction and prepares for facility operations thereafter.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our plans for our future manufacturing facilities. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors discussed in Part II, Item 1A, “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, and our other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

About Rivian:

Rivian (NASDAQ: RIVN) exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at www.rivian.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231027698470/en/

Peebles Squire

media@rivian.com

Source: Rivian

FAQ

What is the purpose of Rivian's apprenticeship program?

The apprenticeship program aims to train staff for Rivian's future manufacturing plant in Georgia.

Who will cover the tuition for the program?

The State of Georgia will cover the tuition for the program.

What will participants be paid during the program?

Participants will be paid employees as maintenance technicians throughout the program.

What will graduates of the program do after completion?

Graduates will relocate to Stanton Springs North to support production and operations at Rivian's future facility.