Texas is not only one of the finalists, but the front-runner for the upcoming Rivian's $5 billion investment in the second electric vehicle plant in the U.S. according to unofficial reports.

After the company raised an additional $2.5 billion (for a total of $10.5 billion), we heard that the second EV plant and a 50 GWh battery cell plant could be built in Arizona. However, according to Bloomberg News and Automotive News the new site more likely will be located in Texas due to a better infrastructure.

The second battery plant potentially will be built near Fort Worth, Texas and here are some highlights from a presentation made by the City of Fort Worth's Economic Development Department to the City Council (August 10):

codenamed "Project Tera"

manufacturing capacity of up to 200,000 vehicles annually

at least 7,500 jobs by 2027

investment of at least $5 billion, including at least $2 billion "in real property improvements" and $1.6 billion in hard construction costs.

$440 million in incentives (including grants and county tax abatement)

initial investment to be completed by the end of 2024

potential location: 2,000-acre Walsh Ranch site, near Fort Worth, Texas

minimum average annual salaries of $56,000