Rivian Earns $6.6 Billion Loan from Feds for a New Manufacturing Facility
The conditional approval would allow the automaker to complete construction on a massive factory in Georgia, increasing annual production to 400,000 vehicles.
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’s $6.6 Billion Loan Advances EV Factory Timeline
The loan, which includes $6 billion of principal and around $600 million of capitalized interest, would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program. Rivian CEO RJ Scaringe said the funds would enable the company to “more aggressively scale” production of cheaper electric sport utility vehicles.
Rivian Gets Strings-Attached OK for $6.6B DOE Loan
Rivian Automotive has received conditional approval for a nearly $7 billion loan from the U.S. Department of Energy. The money will be used to start construction on its Georgia plant.
Rivian Wins Preliminary Approval for $6.6 Billion US Loan
Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.
Irvine-based EV maker Rivian OK’d for $6 billion US loan to build Georgia factory
The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market.
Rivian To Restart Stalled Georgia Plant After Landing $6.6B Department Of Energy Loan
The loan would be secured by Rivian’s facility at its Stanton Springs site and its fixed assets and guarantees by the parent company.
Funding tentatively approved for new $6.6 billion EV plant in Georgia. Here's what we know
Rivian has been tentatively approved for a $6.6 billion loan to build an electric vehicle facility in Georgia. Here's what to expect and where.
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 Receives Conditional $6.6 Billion U.S. Loan to Expand EV Production
The conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program includes $6 billion in principal and approximately $600 million in capitalized interest.
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Yahoo Finance1d
Rivian Lands $6.6B Loan: Game-Changer or Hail Mary for Struggling EV Maker?
The EV maker snagged conditional approval for a jaw-dropping $6.6 billion loan from the Department of Energy's Advanced ...
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Rivian Wins Approval for $6.6 Billion Loan for Georgia Plant
Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.
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Most Advanced Technology Vehicles Manufacturing Loan Program (ATVMP) money delayed
To date, only four loans from the DOE's Advanced Technology Vehicles Manufacturing Loan (ATVMP ... There was a fifth award – $50 million to Vehicle Production Group LLC to build a CNG-powered ...