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Rivian Secures Conditional $6.6 Billion Loan Commitment to Expand EV Manufacturing in Georgia
TL;DR: Rivian secured a $6.6B DOE loan to build a Georgia plant for R2 and R3 production, creating thousands of jobs. Production starts in 2028. Rivian has announced a conditional commitment for a $6.6 billion loan from the U.S. Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program. This funding aims to accelerate Rivian’s growth and enhance its role as a leader in electric vehicle manufacturing in the United States. New Georgia Facility to Drive Growth The loan will…
California Prepares State EV Tax Credit as Trump Targets Federal Subsidy
California Governor Gavin Newsom has announced plans to reinstate a state electric vehicle (EV) tax credit if President-elect Donald Trump eliminates the federal $7,500 EV tax credit after taking office. Newsom, a Democrat and vocal critic of Republican policies, aims to revive a program California phased out in 2023 to continue incentivizing EV adoption without federal support. Trump has criticized the Biden administration’s EV initiatives, describing them as an “EV mandate,” and is reportedly planning to roll back fuel-efficiency standards…
Tesla and Rivian Reach Conditional Settlement in Trade Secrets Lawsuit
Tesla has announced a conditional settlement in its 2020 lawsuit against Rivian, which accused the company of poaching employees and stealing trade secrets. While details of the settlement remain undisclosed, Tesla told a California court it anticipates seeking dismissal of the case by December 24, pending fulfillment of the agreement’s terms. The lawsuit began four years ago, with Tesla alleging that Rivian engaged in an “alarming pattern” of hiring Tesla employees to misappropriate key EV technologies, including next-generation battery tech.…
Rivian’s Chief Software Officer Answers Key Questions in Quinn Nelson’s Q&A
Quinn Nelson from Snazzy Labs recently hosted a Q&A with Wassym Bensiad, Chief Software Officer at Rivian, at the Venice Rivian Space. Earlier this week, RivianTrackr shared a summary of what was discussed but for those who are more visual or rather listen, check out the video Quinn shared below.
VIDEO – Rivian 2024.43 Software Review
Who’s ready for a new Rivian software update? In 2024.43, Rivian has been hard at work on so many bug fixes and software improvements which will help improve and make the system overall feel faster. Of course, Rivian still threw a few goodies at us like the Owl lock sound returning, climate improvements, music apps are now connected to profiles, and much more.