Rivian snags $6.6B conditional federal loan to build Georgia factory
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Rivian has secured a $6.6 billion conditional loan from the Department of Energy to restart construction of its factory in Georgia.
November 26, 2024 | 4:30 am
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Rivian has obtained a $6.6 billion conditional loan from the Department of Energy, which will aid in restarting the construction of its Georgia factory.
The $6.6 billion loan from the Department of Energy is a significant financial boost for Rivian, allowing it to continue its expansion plans with the Georgia factory. This development is likely to be viewed positively by investors, as it demonstrates government support and potential for increased production capacity.
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