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

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

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

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

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

Rivian announced late Monday that it has received "conditional commitment" from the Department of Energy for a $6.6 billion ...

Rivian (RIVN) announced late Thursday night that it won a “conditional commitment” from the Department of Energy (DOE) for a ...

A loan from the U.S. Department of Energy could jumpstart Rivian’s stalled plans for an EV facility in Georgia, setting the ...

In March, Rivian announced it would pause construction of its Georiga plant to speed up current production and save the ...

A Department of Energy loan could enable the company to begin R2 and R3 production in the peach state as early as 2028 ...