Rivian $6.57 billion federal loan funding approved for Georgia ...
15 hours ago · ATLANTA — Electric vehicle manufacturer Rivian was approved for a $6.57 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle.
DOE Announces $6.57 Billion Loan to Rivian to ... - Department of …
2 days ago · Rivian currently produces its three-row electric SUV, the R1S, and its electric pickup truck, the R1T, as well as commercial vans at its Normal, Illinois, facility. Rivian’s Georgia facility will allow the company to reach production volumes that make its products more cost competitive and accelerate access to international markets.
Rivian finalizes $6.6B loan for its Georgia factory | TechCrunch
13 hours ago · The loan comes in two tranches, which Rivian says it will use to fund the two stages of buildout it’s planning in Georgia. Rivian can borrow up to $3.35 billion in the first tranche, and up to ...
Rivian finalizes $6.6 billion federal loan for planned factory in Georgia
2 days ago · Rivian's $6.6 billion federal loan to build a new electric vehicle factory in Georgia has been finalized, the company said Thursday.. The loan was first announced in November. It stipulated Rivian and the Department of Energy had to meet certain legal, environmental and financial conditions. Plans for the new plant outside Atlanta had stalled before the federal government provided the help ...
Rivian and U.S. Department of Energy Finalize Loan Agreement to …
1 day ago · The loan will be split across two phases of Rivian’s Georgia facility. Excluding capitalized interest, the first phase is expected to have a loan size up to $3.4B and the second phase up to $2.6B.
Rivian Gets $6.6 Billion Loan to Open Georgia Manufacturing Plant
9 hours ago · Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same ...
Biden administration to loan $6.6B to EV maker Rivian | AP News
Nov 26, 2024 · 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.
Automaker Rivian pauses construction of its $5 billion electric …
Mar 7, 2024 · California-based Rivian had planned to start building its new R2 midsize SUVs at the Georgia site east of Atlanta. State and local governments offered an incentive package as large as $1.5 billion, one of the largest ever offered for an American auto plant.
Rivian Shares Progress on Future Georgia Facility
Rivian shares progress on its future Georgia facility at the Atlanta Space grand opening. See the latest developments and plans for our new site.
Rivian receives conditional commitment from DOE for $6.6B for GA …
Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program
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