Rivian secures conditional $6.6 billion loan from US Energy Department
The loan aims to enhance Rivian's EV production in the US, supporting the construction of a new facility in Georgia
Electric-car company Rivian Automotive has received conditional commitment from the US Energy Department's (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan up to $6.6 billion, including $6 billion of principal and $600 million of capitalized interest.
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