The state is counting on Rivian’s $120 million investment in the project to attract global investment and create new jobs.

Rivian, which is gearing up to launch its new midsize R2 electric SUV, is building a $120 million supplier park near its Normal, Illinois, plant to facilitate increased production. The announcement Monday will add a 1.

Rivian said on Monday that it will invest $120 million to bring its key parts suppliers near its plant in Illinois, as the electric vehicle-maker seeks to lower the impact of U.S. President Donald Trump's tariffs on Mexico and Canada.