Rivian Secures $6.57 Billion Loan for New EV Manufacturing Facility in Georgia
In a move set to revolutionize the EV industry, Rivian Automotive has secured a $6.57 billion loan from the Department of Energy’s (DOE) Loan Programs Office. This funding supports the development of “Project Horizon,” an advanced electric vehicle (EV) manufacturing facility located in Stanton Springs North, Georgia. This ambitious project, backed by the Biden-Harris Administration’s Investing in America agenda, highlights the government’s commitment to clean energy and manufacturing innovation. Building the Future of EVs in Georgia The state-of-the-art facility will…