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Rivian's Georgia EV plant gets $6.6B conditional loan

Hosted on MSN · 2h

Biden administration to loan $6.6B to EV maker 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 electric vehicle maker struggled to become profitable.

The Washington Post on MSN · 15m

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.

Rivian To Restart Stalled Georgia Plant After Landing $6.6B Department of Energy Loan

The loan would be secured by Rivian’s facility at its Stanton Springs site and its fixed assets and guarantees by the parent company.

Rivian Stock Gains as Georgia Plant Gets Conditional Funding: What to Know

If finalized, the loan will be used to construct Rivian's next facility in Stanton Springs North, Georgia. This will ...

Federal loan worth up to $6 billion on the way to revive stalled Georgia Rivian plant project

MORGAN COUNTY, Ga. — The stalled Rivian manufacturing plant mega-project in Georgia is getting a huge revival boost from ...

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