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Rivian, Georgia
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.
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,
Rivian to get a $6.6 billion federal government loan to build its Georgia EV plant
ATLANTA — The U.S. Department of Energy announced that Rivian is set to receive a nearly $6.6 billion loan to construct its Project Horizon manufacturing facility in Georgia. The proposed loan would be a combined $5.975 billion of principal and $592 million in capital interest, according to a news release on Tuesday.
Rivian Secures $6.6 Billion Federal Loan for Georgia EV Plant
The plant is expected to produce the company’s R2 and R3 EV models, create 7,500 jobs, and expand Rivian’s footprint in the competitive EV market.
Nearly $6 billion federal loan will help Rivian restart construction of EV plant
A nearly $6 billion federal loan will help electric-vehicle manufacturer Rivian restart construction of a $5 billion vehicle and battery plant near Covington.
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 lands $6.6 billion loan for Georgia EV plant
Rivian secured a $6.6 billion loan from the U.S. DOE to construct a new EV plant in Georgia to scale production of affordable EV models.
Rivian secures $6.6 billion loan for Georgia EV factory
Electric vehicle (EV) manufacturer Rivian has secured a $6.6 billion loan from the U.S. Department of Energy (DOE) to develop a large-scale
Federal loan to struggling EV automaker under fire
Politicians from both sides of the aisle were quick to react to the announcement of additional funding going to what they’ve labeled a “failing company.”
U.S. Government to Support Rivian with $6.6 Billion Loan for EV Production
The U.S. Department of Energy has agreed to loan the company $6.6 billion. This loan will help Rivian build a new factory in Stanton Springs North, Georgia, to produce electric vehicles. If everything goes as planned,
8d
Funding tentatively approved for new $6.6 billion EV plant in Georgia. Here's what we know
Rivian has been tentatively approved for a $6.6 billion loan to build an electric vehicle facility in Georgia. Here's what to ...
8d
on MSN
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.
Atlanta Journal-Constitution
12d
With Georgia along for the ride, Hyundai supercharges its EV efforts
With Beverly Hills as its backdrop, Hyundai on Wednesday unveiled its IONIQ 9 electric three-row SUV, which is set to be manufactured at the company’s new Georgia factory.
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