Biden Administration Approves $6.6 Billion Loan for Loss-Making EV Maker Rivian
In the closing days of President Biden’s administration, it is handing out billions of dollars in a loan to an electric vehicle maker, Rivian Automotive, even though the company has struggled to become profitable.
Rivian Receives $6.6B Loan Approval to Build EV Production Facility
Rivian Automotive, Inc. RIVN has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump,
Rivian poised to get $6B federal loan to build Georgia factory
The U.S. Department of Energy on Tuesday announced it awarded electric vehicle startup Rivian a nearly $6 billion loan to start construction of a massive factory in Georgia.
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
Rivian to Receive $6.6 Billion Department of Energy Loan for Georgia Plant
Key Takeaways Rivian announced late Monday that the EV startup has received initial approval for a loan from the U.S. government to build a factory in Georgia.The company could receive a $6.6 billion loan from the Department of Energy's Advanced Technology Vehicle Manufacturing program,
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.
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.
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.
Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia
American EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program.
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 startup automaker struggled to become profitable.
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Rivian secures $6.6 billion loan for new plant – but with one major caveat
Rivian has secured conditional approval of a loan of up to $6.6 billion from the U.S. Department of Energy to build a ...
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Trump’s 25% import tax rattles GM and Ford, Porsche pauses EV expansion, and Rivian secures $6.6 billion for Georgia plant
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Rivian Gets $6.6 Billion Loan To Supercharge Its New Georgia Plant
Welcome back to Critical Materials, your daily roundup for all things electric and automotive tech. Today, we're chatting ...
Biden Administration to Lend $6 Billion for Rivian E.V. Factory
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