Rivian EV

Rivian secures $6.6 billion loan for Georgia EV factory

Electric vehicle (EV) manufacturer Rivian has secured a $6.6 billion loan from the US Department of Energy (DOE) to develop a large-scale manufacturing plant in Georgia. The loan, issued through the DOE’s Advanced Technology Vehicle Manufacturing Loan Program, will fund the construction and operation of the new facility. The Georgia plant is now scheduled for completion in 2028, four years

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