Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

By Yahoo! Finance   |   1 year ago
Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

President Joe Biden's administration will provide a $6.6 billion loan to Rivian Automotive for a factory in Georgia. Rivian aims to resume production of electric vehicles after facing financial challenges, with plans to produce R2 and R3 models in the state.

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