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.
Similar Stories to Rivian Secures $6.6 Billion Loan From The Biden Administration To Build A Paused Georgia Ev Factory on Bing News
Associated Press, Fast Company
Tue, 11/26/2024 - 3:00pm
BING NEWS:
- 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 Rivian Automotive to build a factory in Georgia that had stalled as the ...
11/26/2024 - 10:30 am | View Link - Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new US sales by ...
11/26/2024 - 10:05 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.
11/26/2024 - 3:36 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 - Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused
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 ...
11/25/2024 - 11:33 pm | View Link - More
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