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 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.
Rivian receives conditional $6.6-billion federal loan for plant expansion, 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 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 production facility in Georgia – as long as the company won't actively oppose union organizing efforts.
Biden administration will loan $6.6 billion to Rivian to build paused Georgia EV plant
It's unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two months.
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 to get a $6.6 billion federal government loan to build its Georgia EV plant
ATLANTA — The U.S. Department of Energy announced that Rivian is set to receive a nearly $6.6 billion loan to construct its Project Horizon manufacturing facility in Georgia. The proposed loan would be a combined $5.975 billion of principal and $592 million in capital interest, according to a news release on Tuesday.
Lame-duck Biden administration loans $6.6B to struggling Tesla rival Rivian
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price tanked since then.
Rivian back in the driver's seat with $6B loan for Georgia plant
Plans in Georgia for an electric vehicle plant in Social Circle are back on track, courtesy of a proposed $6 billion loan from the U.S. Department
Federal loan to struggling EV automaker under fire
Politicians from both sides of the aisle were quick to react to the announcement of additional funding going to what they’ve labeled a “failing company.”
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,
Government Loan Of 6.6 Billion To Rivian Under Scrutiny From DOGE Co-Leader Vivek Ramaswamy
Rivian received the loan in November from the Department of Energy, but Ramaswany claims it is a "political shot" at Elon ...
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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 ...