Rivian Wins Preliminary Approval for $6.6 Billion US Loan

By Yahoo! Finance   |   1 year ago
Rivian Wins Preliminary Approval for $6.6 Billion US Loan

Rivian Automotive Inc. has secured preliminary approval for a $6.6 billion federal loan to build an electric-vehicle factory, aiming to scale up production of more affordable electric SUVs. The loan from the US Energy Department will help create jobs and boost production capacity.

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