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340 Rivian gets $6.6 billion government loan to build its EV factory in Georgia

The Verge
Andrew J. Hawkins @ The Verge · 11/26/2024 09:41 EDT

Rivian gets $6.6 billion government loan to build its EV factory in Georgia

Brian Cassella/Chicago Tribune/Tribune News Service via Getty Images


The US Department of Energy will loan Rivian $6.6 billion to build an electric vehicle factory in Georgia, the company announced last night. The announcement comes as Democrats scramble to finalize their climate agenda before Donald Trump takes office.
Rivian, lacking the funds to start the construction process, put its Georgia factory plans on hold earlier this year. The company has lost a significant amount of money since its pu

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