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 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.
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.
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable.
Where Will Rivian Be in 3 Years?
Down by 92% since its initial public offering (IPO) in021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a ...
Lame-duck Biden administration loans $6.6B to struggling Tesla rival Rivian
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price ...
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 ...
Esquire’s Cars of the Year: The Rivian Tri-Motor R1S Tops the List
Big, brash, and full of swagger, the Rivian is proof that America can build a no-compromise, all-electric SUV. Plus, here are ...
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Rivian’s Loses Hit $19 Billion
Rivian will get a conditional loan from the federal government. However, the $6.6 billion does not mean its sales will rise.
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle (EV) maker Rivian for a ...
Hyundai Ioniq 9 Vs. Cadillac Vistiq Vs. Rivian R1S Vs. Kia EV9: Here’s How They Compare
Kia’s first all-electric three-row SUV, the EV9, is 197.2 inches long (8.39 inches shorter than the Vistiq), 77.9 inches wide ...
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Rivian Adventure Network open to other cars soon, will be ‘awesome’ says CEO
Rivian gave us a few hints about how its Rivian Adventure Network will look when it opens to other brands, starting "soon." ...