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.
Rivian Receives $6.6B Loan Approval to Build EV Production Facility
Rivian Automotive, Inc. RIVN has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump,
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.
Rivian to use Biden administration loan to boost competitiveness of its EVs
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.
Rivian’s stalled Georgia factory back on track with $6.6 billion federal loan
A loan from the U.S. Department of Energy could jumpstart Rivian’s stalled plans for an EV facility in Georgia, setting the stage for mass-market electric SUVs.
Rivian Wins Preliminary Approval for $6.6 Billion US Loan
Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.
Rivian Rides High: $6.6 Billion DOE Loan Commitment Fuels EV Expansion
Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher premarket on Tuesday. The company disclosed a conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.
Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new US sales by 2030.
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.
Biden administration to loan Rivian $6.6B to build US factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory
Biden Administration to Lend $6 Billion for Rivian E.V. Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.
Where Will Rivian Be in 3 Years?
Down by 92% since its initial public offering (IPO) in021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a ...
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Why Is Rivian Automotive Inc (RIVN) Stock Surpassing 8.07% from Its 50-Day SMA?
On Tuesday, Rivian Automotive Inc (RIVN) stock saw a decline, ending the day at $11.55 which represents a decrease of $-0.05 or -0.43% from the prior close of $11.6. The stock opened at $12.24 and ...
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Rivian’s Loses Hit $19 Billion
The Department of Energy’s Advanced Vehicle Technology Manufacturing plans to loan small EV company Rivian Automotive (NASDAQ ...
Why Rivian Stock Surged Higher Again Today
Rivian Automotive (NASDAQ: RIVN) stock is on a roll. The company has received a conditional commitment from the U.S.
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Biden's Last-Minute $6.6B Electric Vehicle Deal to Help Save Rivian
Rivian is set to receive a $6.6 billion loan commitment from the Department of Energy to continue building a plant in Georgia ...
Rivian Automotive receives $6.6B conditional commitment from DoE ATVM
Rivian Automotive (RIVN) announced it has received conditional commitment from the U.S. Department of Energy’s, or DOE, Advanced Technology ...
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Rivian Still Won't Give Us CarPlay, But The Alternative May Be Just As Good
Rivian isn't planning to bring CarPlay to its EV models, but it is bringing Google Cast along with updates to make the ...