Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant-February 2024-www.financetom.com

Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant

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Rivian gets $6.6 bln conditional loan approval to build Georgia EV plant

Nov 25, 2024 9:31 PM

SAN FRANCISCO, Nov 25 (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.

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