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.
The Biden administration ended at noon today, which means these funds got pushed through at the last second. Going forward, ...
Rivian Automotive shares are charging higher in Thursday's after-hours session after the company finalized a loan agreement ...
A federal loan expected to be worth $6 billion to electric vehicle maker Rivian to finance construction of the company's planned Georgia factory was finalized Thursday.
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