Rivian to use Biden administration loan to boost competitiveness of its EVs

By MarketWatch   |   1 year ago
Rivian to use Biden administration loan to boost competitiveness of its EVs

Rivian Automotive Inc. saw its stock rise following news of a potential $6.6 billion loan commitment from the Biden administration to boost U.S. manufacturing. The loan would aid in constructing a facility near Social Circle, Georgia.

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