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Rivian, Georgia
Rivian Gets $6.6 Billion Loan to Open Georgia Manufacturing Plant
Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same location as the old factory of Lordstown Motors Corp.
Rivian secures $6.6bn DOE loan for Georgia EV manufacturing plant
The company plans to build a nine million square foot facility capable of producing up to 400,000 mass-market electric SUVs and crossovers annually.
$6.6 billion federal loan for Rivian’s Georgia plant finalized
The U.S. Department of Energy gave final approval Thursday to electric vehicle maker Rivian for a $6.6 billion loan to support its stalled Georgia factory, a huge infusion of cash intended to ensure the plant gets built.
Rivian (RIVN) secures billions in US funding for its new EV plant in Georgia [Updated]
Ahead of Trump’s return to the White House, Rivian (RIVN) secured up to $6.6 billion in funding for its second EV manufacturing plant. The new facility will be home to Rivian’s more affordable midsize R2 electric SUV.
Rivian, DOE Finalize Loan Agreement for Georgia Manufacturing Site
Rivian said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia.
Rivian Automotive shares jump after DOE finalizes loan deal for Georgia plant
Shares of Rivian Automotive (RIVN), an electric-vehicle manufacturer headquartered in California, are up almost 3% in after-hours trading on
Rivian Gets $6.6B Loan Approval From DOE to Build Georgia Plant
Rivian Automotive, Inc. RIVN will receive a $6.6 billion loan from the Department of Energy (DOE) to build a manufacturing plant in Georgia. This facility will produce SUVs and crossover vehicles, marking a shift from Rivian's current focus on luxury vehicles to what the DOE describes as mass-market models.
Rivian stock rises on DOE loan agreement for new Georgia site
Shares of Rivian Automotive Inc. (NASDAQ:RIVN) climbed 2.8% following the announcement that the electric vehicle manufacturer finalized a loan agreement with the U.S. Department of Energy. This financial move is set to bolster the construction of Rivian's future manufacturing site in Georgia.
19h
on MSN
Rivian Just Got A Major New Lifeline
Rivian's new factory in Georgia was supposed to have broken ground last year. It is meant to churn its new R2 electric ...
1d
Where Will Rivian Be in 1 Year?
The joint venture gives Rivian up to $5.8 billion, of which $2.3 billion was already paid out in 2024. Throughout 2025 and ...
24/7 Wall St
4d
Rivian (RIVN) Price Prediction and Forecast 2025-2030
IPO’ed in November 2021 and immediately made a splash with its stock price skyrocketing to $180 in just its first week of ...
1d
on MSN
EV sales soar to record heights in 2024: What’s behind the gains?
Electric vehicle (EV) sales in the U.S. reached an all-time high in 2024, with 1.3 million units sold, according to Cox ...
4d
on MSN
Tesla Stock Had a Huge 2024 but EV Start-Ups Rivian and Lucid Stocks Plunged. What That Could Mean for 2025
Tesla stock was a picture of volatility in 2024. Rivian has a new model coming, and it could make or break the company. Lucid ...
Electrek
21h
Rivian (RIVN) stock rises as Volkswagen plans to expand $5.8 billion EV partnership
Rivian’s (RIVN) stock is trending on Friday after Volkswagen CEO Oliver Blume hinted at expanding upon their new EV ...
7d
Here's Why Rivian Stock Is a Buy Before Feb. 20
Rivian's (NASDAQ: RIVN) stock price has been volatile over the last 12 months, gyrating in price between $8 and $20. If ...
Yahoo Finance
11d
Rivian Surges 24%: Is it Still an Opportune Time to Buy the Stock?
By combining its innovative EV technologies with Volkswagen’s infrastructure,
Rivian
can bring next-generation EVs to ...
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