U.S. Senator Jon Ossoff announced Thursday that the $6.5 billion federal loan agreement to restart construction of Rivian’s electric vehicle manufacturing plant in Georgia is officially finalized.

Rockdale Citizen & Newton Citizen

Georgia

United States

$6.5 billion federal loan to Rivian gets green light

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 f

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Cox Enterprises

Atlanta

Fulton County

$6B federal loan for Rivian’s Georgia plant finalized

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BizToc

Rivian and U.S. Department of Energy Finalize Loan Agreement to Support Future Georgia Manufacturing Site

NEWTON COUNTY – The Rivian project in Stanton Springs has officially received new life.

The Covington News

Government finalizes $6.6 billion Rivian loan

The U.S. Department of Energy finalized a $6 billion loan to Rivian for its Georgia factory where it plans to build new EVs.

Inside EVs

Rivian Just Got A Major New Lifeline

U.S. Senator Jon Ossoff today announced a conditional Federal loan agreement to restart stalled construction of Rivian’s electric vehicle plant in Georgia.Sen. Ossoff announced that Rivian will receive up to $5.98 billion via a conditional Federal loan through the U.S. Department of Energy’s Loan Programs Office to restart construction of its Georgia manufacturing plant, which had been paused earlier this year.The conditional Federal loan, which…

Americus Times-Recorder

Americus

Sumter County

Sen. Ossoff Announces Historic $6 Billion Federal Loan Agreement to Restart Construction of Rivian’s Georgia Plant - Americus Times-Recorder

Rivian has finalized a $6.6 billion loan agreement with the U.S. Department of Energy (DOE) to support the construction of a new manufacturing facility in Stanton Springs North, Georgia. The project will produce Rivian’s upcoming R2 SUV and R3 crossover while creating 7,500 new jobs. Construction of the new facility is scheduled to start in 2026, with production set to commence in 2028. This initiative is expected to create 7,500 jobs and signif…

CBT Automotive Network

Rivian secures $6.6B in funding for new EV plant in Georgia

Following on from the news last year that Rivian had been granted a conditional loan from the U.S. Department of Energy to create an EV plant in the U.S. state of Georgia, the loan agreement has now been finalised. The loan will be worth up to $6.6 billion, supporting Rivian’s plans to construct its new EV factory, which will create 7,500 manufacturing-related jobs, and help increase volume production of its R2 and R3 models. Construction of the…

electricdrives.tv

Rivian and U.S. DOE finalise agreement for $6.6bn Georgia EV factory loan

Rivian announced it has closed its loan agreement with the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) for up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) in financial support for the construction of its next manufacturing facility in Stanton Springs North, near the City of …

CollisionWeek

Rivian Finalizes U.S. Department of Energy Loan Agreement to Support Future Georgia Manufacturing Site - CollisionWeek

Rivian has reached an agreement on Thursday with the U.S. Department of Energy (DOE), which will allow the automaker to start production in the state of Georgia, a major win for the company. Rivian reportedly announced that it has closed its loan agreement with the DOE’s Loan Programs Office (LPO) for up to $6.6 billion which includes $6 billion of principal and approximately $600 million of capitalized interest in financial support for the cons…

$6.5 billion federal loan to Rivian gets green light

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