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.
Federal Loan Throws Rivian a $6.6B Lifeline Amid Mounting Debt and Production Delays
The Biden-Harris administration has announced a $6.57 billion loan to Rivian Automotive (NASDAQ: RIVN) in a move aimed at bolstering the struggling electric vehicle manufacturer and expanding the
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 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's Plan To Go Global Is One Step Closer To Reality
A robust ecosystem of US companies developing and manufacturing EVs is critical for the US to maintain its long-term leadership in transportation.” Rivian's loan hasn't been finalized yet, as the conditional commitment means that the startup company must satisfy certain technical,
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.
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 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,
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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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 ...
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Hyundai's first fully electric three-row SUV will be made at Georgia plant near Savannah
Hyundai unveiled its first three-row electric SUV called the IONIQ 9, the second vehicle slated to roll off production lines at the automaker’s newly minted Georgia factory.