Reported Earlier, 'Rivian Seeking Federal Loan To Restart Construction Of $5B Georgia Plant; Construction Of A Factory Planned About An Hour From Atlanta Has Been Paused Indefinitely Since March' - AJC
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Rivian is seeking a federal loan to restart construction of its $5 billion electric vehicle factory in Georgia, which has been paused since March. The loan application is with the U.S. Department of Energy, but details are limited. The plant is expected to create 7,500 jobs.
October 04, 2024 | 8:19 pm
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Rivian is applying for a federal loan to resume construction of its $5 billion Georgia plant, paused since March. The plant is crucial for expanding production and creating 7,500 jobs.
Rivian's application for a federal loan indicates a move to resume construction of its Georgia plant, which is vital for its production expansion and job creation. This development could positively impact Rivian's stock as it shows commitment to growth and operational expansion.
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