Rivian Earns $6.6 Billion Loan from Feds for 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’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 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.
Rivian receives conditional $6.6-billion federal loan for plant expansion, 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 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.
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's Georgia EV plant gets $6.6B conditional loan, opens 2028
Rivian has been granted conditional approved for a $6.6 billion loan from the U.S. Department of Energy to fund construction of a plant in Georgia, the electric vehicle startup said on Monday.
Rivian lines up $6.6 billion federal loan to revive Georgia manufacturing plans
The electric automaker Rivian may have found a lifeline for its stalled plans for a new manufacturing plant in Georgia, winning a $6.6 billion loan from the U.S. Department of Energy in the final weeks of the Biden administration.
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.
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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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.