Irvine electric vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture ...
Rivian (RIVN) announced late Monday night that it won a “conditional commitment” from the Department of Energy (DOE) for a $6.6 billion loan, highlighting Rivian’s improving capital ...
The factory will be built in two stages, “each resulting in 200,000 units of annual production capacity, for a total of 400,000 units of annual capacity.” Moreover, Rivian says that the first phase of ...
SAN FRANCISCO (Reuters) -Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's ...
The latest to receive billions of dollars of government loans is Rivian, and it's another lifeline that will be welcome for the startup automaker. Welcome back to Critical Materials, your daily ...
If we add "for under $50,000" to that question, then the answer seems to be a "yes," according to Rivian CEO RJ Scaringe. If we take Elon Musk and Tesla out of the equation and just focus on the ...
24 upon satisfactory completion of the terms.” What these terms are remains unclear. For context, Tesla accuses Rivian of profiting from trade secrets that former Tesla employees allegedly stole ...
Trump takes office. By Jack Ewing The Biden administration said on Monday that it would lend $6 billion to help Rivian build an electric car factory in Georgia, part of an effort to lock in ...