ATLANTA (AP) — President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable. It’s unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two months, or whether the Trump administration might try to claw the …

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Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

Tesla told a California state judge that it expects to seek dismissal of the case against Rivian.

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Tesla settling technology theft suit against Rivian

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Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker

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Rivian snags $6.6B conditional federal loan to build Georgia factory

RIVIAN Automotive won preliminary approval for a US$6.6 billion federal loan that will help support the construction of its delayed Georgia electric vehicle (EV) plant.

Business Times

Rivian wins approval for US$6.6 billion loan for Georgia plant

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Green Stock News

Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program

In 2020, two of the nation’s most prominent electric vehicle manufacturers faced off — not in a speed trial or a cross-country rally, but instead in the legal arena. As CNN reported at the time, Tesla sued Rivian, arguing that its employees had stolen trade secrets from the Elon Musk-owned company. The legal jousting continued over the years that followed, with Rivian’s efforts to dismiss the lawsuit denied by a judge earlier this year.EV enthus…

InsideHook

Tesla Announces Settlement in Rivian Lawsuit

Written by Cláudio Afonso | LinkedIn | X Rivian has secured conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to finance the construction of its electric vehicle manufacturing plant in Georgia, the company announced on Monday. The EV maker, led by RJ Scaringe, plans to begin production in 2028 with an annual capacity of 200,000 vehicles. The second phase will enable Rivian to add another 200,000 units, brin…

ELECTRIC VEHICLES

Rivian Wins Conditional $6.6 Billion Loan for Georgia EV Plant

Is the Rivian car a true innovator or just a clever copycat? Dive into the thrilling saga of electric giants as trade secrets spark fierce debates! The post Did the Rivian car steal all Tesla’s self-drive secrets? appeared first on Film Daily.

Film Daily

Did the Rivian car steal all Tesla's self-drive secrets? – Film Daily

Rivian receives conditional $6.6B federal loan to build 400,000-unit Georgia facility for R2 SUV & R3 crossover production, promising 7,500 new jobs through 2030.

stocktitan.net

Rivian Secures $6.6B DOE Loan Commitment for Massive Georgia EV Factory

By Abhirup Roy SAN FRANCISCO (Reuters) –     Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker’s production facility in Georgia. Operation of the Georgia plant, where Rivian plans to build future vehicles such as its smaller, less expensive R2 SUVs and R3 crossovers, will begin in 2028, the California-based startup said in a statement…

regionalmedianews.com

Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant - Regional Media News

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Biden administration will loan $6.6 billion to Rivian to build Georgia factory that automaker paused

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