Rivian gets $6.6 billion government loan to build its EV factory in Georgia Rivian gets $6.6 billion government loan to build its EV factory in Georgia
Government
The US Department of Energy will loan Rivian $6.6 billion to build an electric vehicle factory in Georgia, as Democrats scramble to finalize their climate agenda before Donald Trump takes office. Rivian, lacking the funds to start the construction process, put its Georgia factory plans on hold earlier this year . The pause also allowed Rivian to launch its mid-sized R2 vehicle sooner. The company has lost a significant amount of money since its public offering in November 2021, including $1.1
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