Rivian $6.57 billion federal loan funding approved for Georgia ...
1 day ago · ATLANTA — Electric vehicle manufacturer Rivian was approved for a $6.57 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle.
DOE Announces $6.57 Billion Loan to Rivian to ... - Department of …
3 days ago · Rivian currently produces its three-row electric SUV, the R1S, and its electric pickup truck, the R1T, as well as commercial vans at its Normal, Illinois, facility. Rivian’s Georgia facility will allow the company to reach production volumes that make its products more cost competitive and accelerate access to international markets.
Biden administration to loan $6.6B to EV maker Rivian | AP News
Nov 26, 2024 · ATLANTA (AP) — 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.
Rivian finalizes $6.6B loan for its Georgia factory | TechCrunch
1 day ago · The loan comes in two tranches, which Rivian says it will use to fund the two stages of buildout it’s planning in Georgia. Rivian can borrow up to $3.35 billion in the first tranche, and up to ...
Rivian Shares Progress on Future Georgia Facility
Rivian shares progress on its future Georgia facility at the Atlanta Space grand opening. See the latest developments and plans for our new site.
Rivian Gets $6.6 Billion Loan to Open Georgia Manufacturing Plant
1 day ago · Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same ...
Rivian Stock Rises as EV Maker Finalizes $6.6B DOE Loan to Build ...
1 day ago · Rivian Automotive shares rose Friday, a day after the electric vehicle maker announced it had finalized a federal loan worth up to $6.6 billion to build a factory in Georgia.
Rivian finalizes $6.6 billion federal loan for planned factory in Georgia
3 days ago · Rivian's $6.6 billion federal loan to build a new electric vehicle factory in Georgia has been finalized, the company said Thursday.. The loan was first announced in November. It stipulated Rivian and the Department of Energy had to meet certain legal, environmental and financial conditions. Plans for the new plant outside Atlanta had stalled before the federal government provided the help ...
$6.6 billion federal loan for Rivian’s Georgia plant finalized
2 days ago · Rivian's future. Rivian has said the Georgia plant is vital to scaling its business. The company currently makes three-row R1S luxury SUVs and R1T trucks as well as commercial vans. The R1S and ...
Rivian closes $6.6B federal loan for Georgia EV plant before …
1 day ago · Rivian, based in Irvine, Calif., said the government loan will support 7,500 manufacturing jobs in Georgia. In 2024, Rivian production fell 14 percent to 49,476 vehicles, and deliveries rose 2.9 ...
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