Rivian Gets $6.6 Billion Loan To Supercharge Its New Georgia Plant
Plus, NHTSA moves automatic emergency braking mandate forward and the EU isn't any closer to a deal with China over tariffs.
Rivian Earns $6.6 Billion Loan from Feds for a New Manufacturing Facility
The conditional approval would allow the automaker to complete construction on a massive factory in Georgia, increasing annual production to 400,000 vehicles.
Rivian's Plan To Go Global Is One Step Closer To Reality
A robust ecosystem of US companies developing and manufacturing EVs is critical for the US to maintain its long-term leadership in transportation.” Rivian's loan hasn't been finalized yet, as the conditional commitment means that the startup company must satisfy certain technical,
Rivian’s stalled Georgia factory back on track with $6.6 billion federal loan
A loan from the U.S. Department of Energy could jumpstart Rivian’s stalled plans for an EV facility in Georgia, setting the stage for mass-market electric SUVs.
Rivian receives conditional $6.6-billion federal loan for plant, new models
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory
Biden Administration to Lend $6 Billion for Rivian E.V. Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.
Biden administration seeking to finalize $6.6B loan to build EV factory before term ends
The Department of Energy (DOE) is working to finalize a $6 billion loan to fund construction for an electric vehicle facility in Georgia.
EV maker Rivian gets $6.6 billion federal loan to finish Georgia plant
Rivian paused work on the plant earlier this year amid financial difficulties. The factory is supposed to produce midsize and crossover SUVs.
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Rivian to use Biden administration loan to boost competitiveness of its EVs
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.
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Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
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Rivian's Big Software Upgrades Will Be Worth The Cost
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