The loan to Rivian could rescue one of Georgia Gov. Brian Kemp’s signature economic development projects even as Biden leaves office. 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.
Rivian Secures $6.6 Billion Loan From The Biden Administration To Build A Paused Georgia Ev Factory
Associated Press, Fast Company
Tue, 11/26/2024 - 3:00pm
BING NEWS:
- 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 ...
11/26/2024 - 8:08 am | View Link - 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.
11/26/2024 - 5:45 am | View Link - Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.The ...
11/26/2024 - 4:36 am | View Link - 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.
11/26/2024 - 2:28 am | View Link - 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 ...
11/26/2024 - 1:54 am | View Link - More
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