Rivian Service Center - Rocklin, CA

Rivian Gets $1B Volkswagen Loan, No Payments Until 2028

Rivian closed its $1 billion loan from Volkswagen today at a 6.03% rate fixed for 10 years, with no payment due until October 2028. The loan is backed only by Rivian's half of the joint venture, and Volkswagen has now delivered $5.3 billion of the $5.8 billion it committed.

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Rivian’s RJ Expects Chinese EVs in the U.S.

RJ Scaringe told The New York Times that Chinese automakers will likely be able to sell in the U.S. eventually, and that tariffs are what's keeping things balanced until then. He also sees robotics as the other way American manufacturing closes the cost gap.