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.
Rivian secures $6.6B federal loan for GA factory
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 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 conditional $6.6-billion federal loan for plant, new models
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.
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 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.
Federal loan to struggling EV automaker under fire
All-electric automaker Rivian Automotive announced on Monday that it received a “conditional commitment” for a $6.6B loan from the U.S. Department of Energy. If finalized, the loan would be used to aid in the construction of a $5B Rivian plant just outside Atlanta,
Vivek Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory
Vivek Ramaswamy criticized the Biden administration’s nearly $6 billion federal loan expected for Rivian’s manufacturing plant, labeling it as a “political shot."
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,
Rivian CEO slams dealership laws: "It’s close to corruption"
The CEO criticized state laws that protect car dealerships at the expense of direct-to-consumer models, calling for changes ...
Seattle Times1d
Can Amazon-backed EV maker Rivian grow out of its ‘awkward’ teen years?
The company has plans to produce several other models, including a smaller SUV called the R3 that will be cheaper than the ...
Rivian’s Georgia Plant Gets A $6.6 Billion Lifeline Thanks To Taxpayers
A Department of Energy loan could enable the company to begin R2 and R3 production in the peach state as early as 2028 ...
Yahoo7d
This Might Just Be Rivian's Best Decision Yet
Rivian (NASDAQ: RIVN) has plenty of intriguing ambitions to keep investors on the hook. The company has product pipeline ...
Washington Examiner on MSN4d
Rivian awarded $6.6 billion DOE loan to build EV facility in Georgia
In particular, the facility would help to build Rivian’s R2 midsize SUV and the R3/R3X, a midsize crossover. The two ...
Rivian Stock Gains as Georgia Plant Gets Conditional Funding: What to Know
If Rivian's $6.6 billion government loan gets approved, it will support the construction of the EV maker's new production ...
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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 ...
Tesla Has Best EV Under $50K, Rivian CEO Says In Praise Of Rival: 'It's A Great Brand'
Rivian CEO RJ Scaringe shared positive comments on Tesla while speaking at the LA Auto Show, calling the Model Y the best EV ...