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

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.

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.