Rivian Wins $6.6B Loan from Dept. of Energy
Rivian Automotive Inc. (Nasdaq: RIVN) will receive a loan of up to $6.6 billion from the U.S. Department of Energy (DOE), upon conditional commitment, which will go towards the construction of its next manufacturing facility in Stanton Springs North in Georgia.
Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price ...
Rivian Automotiv e ( RIVN 3.04%) stock is on a roll. A recent move higher has gone into overdrive over the past two days.
The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.
Down by 92% since its initial public offering (IPO) in021, Rivian Automotive (NASDAQ: RIVN) highlights the risks of buying a ...
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant ...
The plant is expected to produce the company’s R2 and R3 EV models, create 7,500 jobs, and expand Rivian’s footprint in the ...
Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of ...
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President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia ...
The expected $6 billion federal loan to Rivian for its Georgia electric vehicle factory resurfaces a lingering divide over green energy incentives.
The conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program includes $6 ...
Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in ...
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Rivian’s Loses Hit $19 BillionRivian will get a conditional loan from the federal government. However, the $6.6 billion does not mean its sales will rise.
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