The investment is part of the $5.8 billion joint venture agreement announced in June 2024 to allow the two companies to share technology.

Tesla (NASDAQ: TSLA) has long been the leader in the electric vehicle (EV) market, but several upstarts have also entered the ...

Rivian ’s long-planned $6.6 billion loan from the federal government is in jeopardy as President Donald Trump moves to cut expenditures, throwing uncertainty over the electric vehicle startup ...

The loan is expected to support the construction of Rivian’s next U.S. manufacturing facility in Georgia, which aims to create approximately 7,500 jobs in the local area.

In the final few days of the Biden administration, the government approved a huge loan of $6.6 billion to EV startup Rivian for the construction of its long-planned manufacturing plant in Georgia.

Rivian's Q4 earnings report is critical, with a DOE loan and Volkswagen investments at risk depending on Gross Profit results. Read the analysis of RIVN stock here.

Rivian R2 (Source: Rivian) As of now, the loan will be split into two phases. The first phase consists of a loan of up to $3.4 billion, with the remaining $2.6 billion in the second phase.

Rivian says it’s still full steam ahead on its plans to restart its construction near Madison, Georgia. The plan is contingent on a $6.57 billion federal loan that was secured during former ...

The loan comes in two tranches, which Rivian says it will use to fund the two stages of buildout it’s planning in Georgia. Rivian can borrow up to $3.35 billion in the first tranche, and up to ...

ATLANTA — Electric vehicle manufacturer Rivian was approved for a $6.57 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle.

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration. The loan comes from the Advanced ...

Rivian said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia.