Rivian Receives $6.6B Loan Approval to Build EV Production Facility
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Rivian has received conditional approval for a $6.6 billion loan from the U.S. Department of Energy to build an electric vehicle production facility in Georgia.
November 27, 2024 | 4:30 pm
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Rivian has been conditionally approved for a $6.6 billion loan from the U.S. Department of Energy to construct an EV production facility in Georgia, which could significantly boost its production capacity and market presence.
The loan approval is a significant financial boost for Rivian, enabling it to expand its production capabilities. This development is likely to positively impact Rivian's stock price as it positions the company for growth in the EV market.
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