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

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

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

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

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

Key Takeaways Rivian announced late Monday that the EV startup has received initial approval for a loan from the U.S.

The Biden Administration during its lame duck status announced it’s giving a $6.6 billion loan to Rivian Automotive for its ...

According to a spokesperson for the company, around 150 people registered for the event, despite the breezy temperatures. All ...