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$6 Billion Federal Loan Just Saved Rivian's Georgia Plant
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.
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.
Federal loan puts Rivian’s Georgia factory back in the race
Rivian’s Georgia factory, the state's second-largest economic development project ever, is set to resume with new help from the federal government.
FOX 5 Atlanta
4d
Biden administration giving Rivian $6.6B loan to build Georgia factory
The U.S. Department of Energy is loaning
Rivian
Automotive to resume construction on its
Georgia
factory designed to ...
3d
Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s ...
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