Rivian Stock Rises. How $6.6 Billion From Biden Can Reignite the EV Maker.
Rivian Automotive stock was giving up some of its recent gains on Tuesday after the electric-vehicle maker said it had received a multi-billion-dollar loan from the U.S. government to help it make more cars.
Irvine-based EV maker Rivian OK’d for $6 billion US loan to build Georgia factory
The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market.
EV maker Rivian gets $6.6 billion federal loan to finish Georgia plant
Rivian paused work on the plant earlier this year amid financial difficulties. The factory is supposed to produce midsize and crossover SUVs.
Biden Grants Rivian $6.6B Loan to Revive Stalled Georgia EV Factory
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Rivian to use Biden administration loan to boost competitiveness of its EVs
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.
Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia
American EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program.
Biden administration to loan Rivian $6.6B to build US factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory
Rivian Wins Approval for $6.6 Billion Loan for Georgia Plant
Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.
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Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia ...
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
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