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Rivian's Georgia EV plant gets $6.6B conditional loan
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.
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 gets $6.6 billion government loan to build its EV factory in Georgia
Rivian, lacking the funds to start the construction process, put its Georgia factory plans on hold earlier this year. The company has lost a significant amount of money since its public offering in November 2021,
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 ...
Yahoo
9h
Rivian gets $6B loan approved for Georgia plant
Plans for what is projected to be
Georgia
's largest manufacturing plant are back on track. Federal officials announced that ...
FOX 5 Atlanta
19h
Biden administration giving Rivian $6.6B loan to build Georgia factory
The U.S. Department of Energy is loaning
Rivian
Automotive to resume construction on its
Georgia
factory designed to ...
11Alive
8h
Community reacts to federal loan given to Rivian to revive stalled Georgia plant project
They’re not even supposed to be on this road." RELATED: Federal loan worth up to $6 billion on the way to revive stalled ...
Electrek
18h
Rivian secures $6.6 billion loan for new plant – but with one major caveat
Rivian has secured conditional approval of a loan of up to $6.6 billion from the U.S. Department of Energy to build a ...
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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