Rivian snags $6.6B conditional federal loan to build Georgia factory

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Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia. The funds will come from DOE’s Loan Programs Office Advanced Technology Vehicle Manufacturing Loan Program. Rivian said it expects to begin © 2024 TechCrunch. All rights reserved. For personal use only.

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