American electric vehicle (EV) startup Rivian has declared that the initial annual production capacity of its newly established factory in Georgia will be elevated to 300,000 units. This marks an increase of 100,000 units over the original plan. Concurrently, the company has refined its financing strategy by securing a $4.5 billion loan via the U.S. Department of Energy to propel the project forward. This loan amount is $2.1 billion less than initially anticipated, with the fund withdrawal slated to commence in 2027. The factory will manufacture the R2 crossover and autonomous taxis in collaboration with Uber. Initially planned for construction in two phases, the factory's initial production capacity will now stand at 300,000 units, with provisions made for future expansion. Furthermore, Rivian's factory in Normal, Illinois, has initiated mass production of the R2 model this month, with deliveries projected for spring and an annual production capacity of 155,000 units. The combined annual production capacity of the two factories will total 515,000 units, aiding the company in achieving a positive cash flow. The R2 model, which is aimed at the mass market, is crucial for achieving economies of scale. The company also plans to introduce new models, such as the R3, in the future. The Georgia factory is anticipated to commence production by the end of 2028 and will feature a modular design. The increase in capacity and optimization of financing will contribute to reducing unit costs. The market is keenly observing the performance of the R2 model and its potential impact on enhancing the company's financial standing.