Rivian lands federal loan to restart Georgia EV plant near Covington
6 hours ago · A nearly $6 billion federal loan will help electric-vehicle manufacturer Rivian restart construction of a $5 billion vehicle and battery plant near Covington, U.S. Sen. Jon Ossoff, D-Ga ...
Biden administration to loan $6.6B to EV maker Rivian | AP News
3 days ago · 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.. It’s unclear whether the administration can complete the loan before Donald Trump becomes president again in less ...
Rivian lines up $6.6 billion federal loan to revive Georgia ...
3 days ago · The electric automaker Rivian may have found a lifeline for its stalled plans for a new manufacturing plant in Georgia, winning a $6.6 billion loan from the U.S. Department of Energy in the final weeks of the Biden administration.. The loan, announced Monday, is a “conditional commitment” and is not finalized.It’s unclear how the incoming Trump administration, which has been critical of ...
Rivian snags $6.6B conditional federal loan to build Georgia …
5 days ago · Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in ...
Rivian gets $6.6 billion conditional loan approval to build Georgia …
4 days ago · 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.
Automaker Rivian pauses construction of its $5 billion electric …
California-based Rivian had planned to start building its new R2 midsize SUVs at the Georgia site east of Atlanta. State and local governments offered an incentive package as large as $1.5 billion, one of the largest ever offered for an American auto plant.
Rivian getting $6.6 billion fed loan to build paused Georgia EV …
3 days ago · The first phase of Rivian’s Georgia factory was projected to make 200,000 vehicles a year, with a second phase capable of another 200,000 a year. Eventually, the plant was projected to employ ...
Rivian (RIVN) takes big step toward restarting its Georgia EV plant
Oct 7, 2024 · Rivian (RIVN) is moving closer to restarting construction at its $5 billion EV plant in Georgia after pausing it months ago. The company recently took a significant step by applying for a...
Rivian Gets $6.6 Billion Conditional Loan Approval to Build Georgia …
5 days ago · US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. ... Rivian said it expects the Georgia plant to employ about 7,500 operations staff through 2030.
Rivian Newsroom: Latest Company News & Announcements
1 day ago · Get updates from the Rivian Newsroom. Discover company news and announcements, and stay informed on Rivian’s corporate developments. Read recent articles.