Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant

By Yahoo! Finance   |   1 year ago
Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant

Rivian secured a $6.6 billion DOE loan for its Georgia assembly plant, boosting its capital position. The loan aims to scale US manufacturing for R2 and R3 vehicles, enhancing affordability and capability. This follows a partnership expansion with Volkswagen.

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