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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 Verge on MSN · 2h

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,

The Washington Post on MSN · 49m

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 Automotive secures $6.6bn loan for Georgia EV plant

Credit: Gulf MG/Shutterstock. Rivian Automotive has secured conditional loan of up to $6.6bn from the US Department of ...

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 ...

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