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

Hosted on MSN · 1h

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 Verge on MSN · 1h

Rivian gets $6.6 billion government loan to build its EV factory in Georgia

The US Department of Energy will loan Rivian $6.6 billion to build an electric vehicle factory in Georgia, as Democrats scramble to finalize their climate agenda before Donald Trump takes office. Rivian said it received “conditional commitment” for its application to the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program,

YAHOO!Finance · 19m

Rivian Automotive secures $6.6bn loan for Georgia EV plant

Rivian’s new facility will be constructed in two phases, with the first phase slated to begin production in 2028.

1hon MSN

Rivian to Receive $6.6 Billion Department of Energy Loan for Georgia Plant

Key Takeaways Rivian announced late Monday that the EV startup has received initial approval for a loan from the U.S.

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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