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Rivian's Georgia EV plant gets $6.6B conditional loan
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.
Biden administration will loan $6.6 billion to 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 automaker struggled to become profitable.
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.
11Alive
19h
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 ...
Santa Rosa Press Democrat
1d
Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker
Rivian
Automotive to build a ...
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