Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
Tuesday, November 26, 2024
ATLANTA (AP) — President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
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