Rivian Gets $6.6B Loan Approval From DOE to Build Georgia Plant
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Rivian (RIVN) has received a $6.6 billion loan approval from the Department of Energy (DOE) to construct a manufacturing plant in Georgia. This facility will focus on producing SUVs and crossover vehicles.

January 17, 2025 | 3:45 pm
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Rivian has secured a $6.6 billion loan from the DOE to build a new manufacturing plant in Georgia, aimed at producing SUVs and crossover vehicles.
The $6.6 billion loan from the DOE is a significant financial boost for Rivian, enabling the company to expand its manufacturing capabilities. The new plant in Georgia will focus on producing SUVs and crossover vehicles, which could enhance Rivian's market position in the EV sector. This development is likely to positively impact Rivian's stock price in the short term as it represents growth and increased production capacity.
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