
Rivian Outlines Timeline to Tap DOE Loan Tied to Georgia Factory
As first reported by Bloomberg, Rivian plans to tap into its $6.6 billion US Department of Energy loan after completing construction of its new Georgia factory but before production begins in 2028. Chief Financial Officer Claire McDonough shared the update Tuesday in Detroit, explaining that Rivian expects to start building the plant next year and then seek reimbursement from the DOE once it’s complete. “The drawdown would be prior to starting production in 2028,” McDonough said, aligning the timing with…




