07:21 AM EDT, 10/07/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) has applied for a federal loan to fund the construction of its electric vehicle factory in Georgia, the US Department of Energy said in a report dated this month.

The department said it is still evaluating the application and the request amount or terms were not disclosed.

The proposed facility is expected to begin partial operations in Q3 2027, while full operation of the first production capacity block is expected in 2028, the DOE said.

Rivian declined MT Newswires' request for comment.

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