Rivian Secures $6.6 Billion Federal Loan to Restart Georgia EV Factory
- Rivian has secured a conditional commitment for a $6.6 billion loan from the Department of Energy to restart construction of a factory in Georgia.
- The factory is expected to begin operations in 2028 and employ 7,500 people by the end of 2030, according to Georgia's Department of Economic Development.
- The loan includes $6 billion in principal and approximately $600 million in capitalized interest to help scale U.S. Manufacturing for Rivian's R2 and R3 vehicles.
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Total News Sources0
Leaning Left21Leaning Right23Center30Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 28%
C 41%
R 31%
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