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Rivian to use Biden administration loan to boost competitiveness of its EVs
Shares of Rivian Automotive Inc. got a lift Tuesday after the electric-vehicle maker said it received a “conditional commitment” from the Biden administration for a loan of up to $6.6 billion to help accelerate its manufacturing in the U.
Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia. The announcement comes ahead of the inauguration of President-elect Donald Trump,
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 maker Rivian for a plant in Georgia. The administration said the loan would support the construction of a facility where Rivian will make up to 400,
9h
on MSN
Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits
If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's ...
8h
Current Climate: Carmakers Want To Keep EVs In Drive
In this week's Current Climate newsletter, carmakers want to keep EV push in drive, fracking hot rocks could revolutionize ...
Interesting Engineering on MSN
1h
BYD’s next-gen Blade battery for safer, more powerful EVs to launch in 2025
Shuang revealed that the company is planning to release the next generation of Blade batteries for EVs in 2025, as per him ...
IndustryWeek
15m
Manufacturing Business News: Slicing Silicon Wafers, Mobile Microgrids and Can EVs Win Hearts at NASCAR?
IndustryWeek parent company Endeavor Business Media publications report on electrification, domestic chip supply and more.
19h
No, automakers don't want to be 'required' to sell EVs
A recent headline in the New York Times claims Detroit's car companies want the Trump administration to make them sell ...
Opinion
1d
Opinion
Trump Can Get EVs Back on Track
Ditch the mandates and subsidies. Let consumer choice drive the market.
19h
Hyundai, Kia, and Genesis Recall EVs That Can Lose Power While Driving, Again
Hyundai, Kia, and Genesis are recalling EVs again for power loss while driving. Affected vehicles include the Ioniq 5, Ioniq ...
1d
2 EVs and 5 hybrids make the short list for North American Car of the Year
Nine vehicles will vie for three titles in the 2025 North American Car of the Year Awards. The finalists include everything ...
MIT Technology Review
1d
How Trump’s tariffs could drive up the cost of batteries, EVs, and more
The incoming administration’s hostile trade plans threaten to slow the shift to cleaner industries, boost inflation, and ...
1d
on MSN
Chinese EVs are coming to the U.S., tariffs or no tariffs
It would seem that the next domino to fall might be the U.S. market, in which affordability issues have depressed sales for ...
1h
on MSN
Finally: This Kit Adds Apple CarPlay To General Motors' EVs
General Motors has pigheadedly stuck to its guns for its new EVs by omitting Apple CarPlay in its new software setup. Some of ...
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