11/26/2024
Rivian has received conditional approval for a $6.6 billion loan from the U.S. Department of Energy to build an electric vehicle production facility in Georgia.
The loan will help Rivian scale its manufacturing footprint and produce more affordable electric vehicles, including the R2 SUV and R3 crossover. Despite challenges such as a part shortage and competition, Rivian remains optimistic about its future prospects.
This will be a huge boom for Georgia and the city of Atlanta.
SAN FRANCISCO (Reuters) -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. The announcement comes ahead of the inauguration of President-elect Donald Tru...