The Rivian name and logo are shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake Acquire Licensing RightsNov 13 (Reuters) - Rivian Automotive (RIVN.O) plans to raise nearly $15 billion in debt to help build an electric vehicle manufacturing plant in Georgia, the EV maker said on Monday. The company has agreed to pay a minimum of nearly $300 million in property tax payments through 2047. Rivian had said in 2021 that it plans to set up the Georgia plant and had said at the time that it would be commissioned by 2024. The new plant will employ more than 7,500 people and eventually build 400,000 vehicles a year.

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Persons: Mike Blake, Morgan, Newton, Rivian, Anirudh, Rashmi Organizations: REUTERS, Rivian, Georgia Department of Economic, Joint Development Authority of, Thomson Locations: San Diego , U.S, Georgia, Joint Development Authority of Jasper, Walton, Bengaluru