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Rivian receives conditional $6.6-billion federal loan for plant, new models
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.
Rivian Receives Conditional $6.6 Billion U.S. Loan to Expand EV Production
The conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program includes $6 billion in principal and approximately $600 million in capitalized interest.
Rivian Receives $6.6B Loan Approval to Build EV Production Facility
Rivian Automotive, Inc. RIVN has got conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to develop its electric vehicle (EV) production plant in Georgia. The announcement followed the inauguration of President-elect Donald Trump,
1d
on MSN
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.
The Motley Fool on MSN
1d
Why Rivian Stock Popped, Dropped, Then Recovered Today
Rivian
announced another deal to bolster its capital situation. A Department of Energy loan will help fund the eventual ...
CarBuzz on MSN
1d
Scout Trucks And EVs Among First To Use New Software Architecture Joint Developed By Rivian And Volkswagen
O ne of the first beneficiaries of the Volkswagen and Rimac partnership to generate next-generation EV platforms will be ...
1d
on MSN
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 ...
9d
Rivian Shares Surge as Volkswagen Increases Its Potential Investment. Is It Too Late to Buy the Stock?
Given its still early-stage nature, Rivian remains a speculative stock. However, it does have strong partners both in ...
13d
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
13d
on MSN
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
autoevolution
13d
Rivian Achieved in Three Months What Volkswagen Couldn't Do in Years of Spending Billions
Rivian demonstrated its software on a drivable Audi Q6 prototype, achieving in three months of work what Volkswagen couldn't ...
8d
Volkswagen appoints former Rivian executive as head of American business
Volkswagen appointed former Rivian executive Kjell Gruner as head of its American business on Tuesday, as the automaker faces ...
Crain's Chicago Business
1d
Rivian wins preliminary OK for $6.6 billion federal loan
The loan would support construction of an electric-vehicle factory the company put off building earlier this year to save ...
1d
Biden administration to loan $6.6B 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 ...
3d
This Might Just Be Rivian's Best Decision Yet
Rivian has made plenty of good decisions, but this one might top them all.
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