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…