The loan comprises $6 billion in principal and $600 million in capitalized interest. The announcement follows Rivian’s recent $5.8 billion investment from Volkswagen as part of a joint technology ...
Rivian is set to receive a $6.6 billion loan commitment from the Department of Energy to continue building a plant in Georgia ...
A robust ecosystem of US companies developing and manufacturing EVs is critical for the US to maintain its long-term leadership in transportation.” Rivian's loan hasn't been finalized yet, as the ...
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
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 ...
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