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Rivian secures $6.6 billion loan for new plant
Rivian Wins $6.6B Loan from Dept. of Energy
Rivian Automotive Inc. (Nasdaq: RIVN) will receive a loan of up to $6.6 billion from the U.S. Department of Energy (DOE), upon conditional commitment, which will go towards the construction of its next manufacturing facility in Stanton Springs North in Georgia.
Rivian lands $6.6 billion loan for Georgia EV plant
Rivian secured a $6.6 billion loan from the U.S. DOE to construct a new EV plant in Georgia to scale production of affordable EV models.
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.
autoevolution
1h
2022 Rivian R1T Sells for Over $20K Below Current MSRP, Are You Jealous?
This New York-registered Rivian R1T, with one owner in the papers and 36,000 miles on the odo, recently changed hands at an ...
8h
on MSN
Why Rivian Stock Surged Higher Again Today
Rivian Automotiv e ( RIVN 3.04%) stock is on a roll. A recent move higher has gone into overdrive over the past two days.
1d
on MSN
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.
1d
on MSN
Biden administration to loan $6.6B to EV maker 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 ...
10h
Where Will Rivian Be in 3 Years?
Down by 92% since its initial public offering (IPO) in021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a ...
autobodynews
5h
Rivian Secures $6.6 Billion Federal Loan for Georgia EV Plant
The plant is expected to produce the company’s R2 and R3 EV models, create 7,500 jobs, and expand Rivian’s footprint in the ...
Atlanta Journal-Constitution
15h
Biden’s Rivian lifeline highlights tough spot for Kemp on green energy incentives
The expected $6 billion federal loan to Rivian for its Georgia electric vehicle factory resurfaces a lingering divide over green energy incentives.
1d
on MSN
Rivian gets $6.6 billion government loan to build its EV factory in Georgia
The US Department of Energy will loan Rivian $6.6 billion to build an electric vehicle factory in Georgia, as Democrats ...
24/7 Wall St. on MSN
8h
Rivian’s Loses Hit $19 Billion
Rivian will get a conditional loan from the federal government. However, the $6.6 billion does not mean its sales will rise.
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