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Biden administration announces Rivian loan
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 tanked since then.
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.
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
The R1 vehicles cost $70,000 or more. The original plan was to produce R2 vehicles, a smaller
SUV
, in Georgia with lower price tags aimed at a mass market. The first phase of
Rivian
’s Georgia factory was projected to make 200,000 vehicles a year ...
Hosted on MSN
4h
Biden's Last-Minute $6.6B Electric Vehicle Deal to Help Save Rivian
Rivian is set to receive a $6.6 billion loan commitment from the Department of Energy to continue building a plant in Georgia ...
19h
on MSN
2025 Rivian R1S debuts tri-motor variant with blistering speed
The Gen 2 Rivian R1S is now available with three motors for a more performance-oriented electric SUV experience.
5h
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 ...
23h
on MSN
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 ...
Electrek
1d
Rivian secures $6.6 billion loan for new plant – but with one major caveat
Rivian has secured conditional approval of a loan of up to $6.6 billion from the U.S. Department of Energy to build a ...
TopSpeed
1d
What A 2-Year-Old Rivian R1S Costs Today
If you're looking to purchase a Rivian R1S, here's what you need to know about its depreciation over a two-year period.
1d
Rivian Rides High: $6.6 Billion DOE Loan Commitment Fuels EV Expansion
Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher premarket on Tuesday. The company disclosed a conditional ...
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