Biden Admin Finalized Rivian’s $6.6 Billion Loan Before Trump Took Office
The Department of Energy has finalized a $6.6 billion loan to Rivian. The funds will enable the company to build a new plant in Georgia. Production is slated to begin in 2028 and the facility will build the R2 and R3.
Biden Administration Set To Finalize Billions In Last-Minute Loans To Rivian, Plug Power Inc.
The Biden administration ended at noon today, which means these funds got pushed through at the last second. Going forward, it’s uncertain what the incoming Trump administration will do.
Rivian finalizes $6.6B loan for its Georgia factory
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.
Biden administration finalizes $6.6 billion loan for Rivian before Trump becomes president
Electric vehicle maker Rivian Automotive said it has finalized a $6.6 billion loan agreement with the federal government just days before the Trump Administration takes over.
Rivian, U.S. finalize $6.6. billion loan before Trump retakes office
The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant.
Rivian, DOE Finalize Loan Agreement for Georgia Manufacturing Site
Rivian said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia.
Rivian Automotive shares jump after DOE finalizes loan deal for Georgia plant
Shares of Rivian Automotive (RIVN), an electric-vehicle manufacturer headquartered in California, are up almost 3% in after-hours trading on
Rivian Gets $6.6B Loan Approval From DOE to Build Georgia Plant
Rivian Automotive, Inc. RIVN will receive a $6.6 billion loan from the Department of Energy (DOE) to build a manufacturing plant in Georgia. This facility will produce SUVs and crossover vehicles, marking a shift from Rivian's current focus on luxury vehicles to what the DOE describes as mass-market models.
Rivian finalizes $6.6 billion federal loan for planned factory in Georgia
Plans for the new Rivian plant outside Atlanta had stalled before the federal government provided the help following an agreement that company officials say was over two years in the making.
Rivian stock rises on DOE loan agreement for new Georgia site
Shares of Rivian Automotive Inc. (NASDAQ:RIVN) climbed 2.8% following the announcement that the electric vehicle manufacturer finalized a loan agreement with the U.S. Department of Energy. This financial move is set to bolster the construction of Rivian's future manufacturing site in Georgia.
VW Boss Wants To Deepen Ties With Rivian
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Rivian’s design travels a different road
It’s a design trend initiated by the 2012 Land Rover Range Rover, one that Rivian expounded upon. The redesigned 2022 Range ...
Rivian: Volkswagen Bull Case Is Getting Stronger (Rating Upgrade)
Rivian's recent delivery and production numbers exceeded expectations, driven by a crucial partnership with Volkswagen. Read ...
The 1 Number That Could Unlock Rivian Stock's Upside
While Rivian has immense upside if it were to achieve the P/S valuation its competitors boast. The truth is that it could be ...
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Why Did Robert W. Baird Give Rivian Automotive Inc (RIVN) Stock Neutral Rating?
Rivian Automotive Inc (RIVN) stock saw a decline, ending the day at $14.21 which represents a decrease of $-0.23 or -1.59% from the prior close of $14.44. The stock opened at $14.68 and touched a low ...
Volkswagen looking to deepen partnership with U.S. EV maker Rivian, Spiegel reports
Volkswagen is considering ways to deepen its partnership with U.S. electric car maker Rivian, the German company's CEO told ...
Where Will Rivian Be in 1 Year?
The joint venture gives Rivian up to $5.8 billion, of which $2.3 billion was already paid out in 2024. Throughout 2025 and ...
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Rivian (RIVN) secures billions in US funding for its new EV plant in Georgia [Updated]
Ahead of Trump’s return to the White House, Rivian (RIVN) secured up to $6.6 billion in funding for its second EV manufacturing plant. The new facility will be home to Rivian’s more affordable midsize ...