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 to Receive $6.6 Billion Department of Energy Loan for Georgia Plant
Rivian announced late Monday that it has received "conditional commitment" from the Department of Energy for a $6.6 billion loan to finance the construction of a new factory in Georgia.
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.
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 wins preliminary OK for $6.6 billion federal loan
The loan would support construction of an electric-vehicle factory the company put off building earlier this year to save money.
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.
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.
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
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 Gets Up To $6.6 Bln Loan Commitment From U.S. Department Of Energy's ATVM Program
All-electric automaker Rivian Automotive (RIVN) announced late Monday that it has received conditional commitment from the U.S.
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