Biden administration to loan $6.6B to EV maker Rivian | AP News
23 hours ago · ATLANTA (AP) — President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Rivian lines up $6.6 billion federal loan to revive Georgia ...
21 hours ago · Rivian currently makes its R1 models in Normal, plus delivery vans. Rivian initially announced plans for the Georgia plant in 2021, lured in part by a $1.5 billion state and local incentives package. But Rivian announced a change in those plans in March, saying that R2 production would instead begin in Normal – not Georgia.
Biden administration to loan Rivian $6.6B to build ... - ABC News
23 hours ago · The first phase of Rivian’s Georgia factory is projected to make 200,000 vehicles a year, with a second phase capable of another 200,000 a year. Eventually, the plant is projected to employ ...
Rivian to get $6.6 billion loan from federal government to ...
22 hours ago · [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] In Nov. 2023, Georgia officials offered Rivian a $1.5 billion tax incentives package to build the mega-site in the state that would cover ...
Rivian gets $6.6 billion government loan to build its EV ...
21 hours ago · His work has appeared in The New York Daily News and City & State. Nov 26, 2024, 2:41 PM UTC ... The Georgia plant is critical to Rivian’s plans to expand its manufacturing capabilities and grow ...
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV ...
17 hours ago · On Tuesday, the Biden administration announced a $6.6 billion loan to Rivian Automotive from the U.S. Department of Energy, aimed at resuming construction of the company's paused factory in Georgia.
Rivian plant Georgia project getting $6B federal loan for ...
22 hours ago · MORGAN COUNTY, Ga. — The stalled Rivian manufacturing plant mega-project in Georgia is getting a huge revival boost from the federal government, Sen. Jon Ossoff's office announced Tuesday. Sen ...
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