Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of ...

President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia ...

Rivian paused work on the plant earlier this year amid financial difficulties. The factory is supposed to produce midsize and ...

The loan is a critical step for the EV maker, which had halted work on its plant after struggling to become profitable.

The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market.

Rivian announced late Monday that it has received "conditional commitment" from the Department of Energy for a $6.6 billion ...

ATLANTA — The U.S. Department of Energy announced that Rivian is set to receive a nearly $6.6 billion loan to construct its ...

Rivian won a “conditional commitment” from the Department of Energy for a $6.6 billion loan, highlighting Rivian’s improving ...

In March, Rivian announced it would pause construction of its Georiga plant to speed up current production and save the ...

A Department of Energy loan could enable the company to begin R2 and R3 production in the peach state as early as 2028 ...