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 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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