Rivian will get a conditional loan from the federal government. However, the $6.6 billion does not mean its sales will rise.

Rivian, the EV startup based in California, was worth as much as $150 billion just three years ago before its stock price ...

This story was produced through a collaboration between Daily Yonder and Climate Central. Julia Elman (Climate Central) contributed data reporting. When ...

Electric vehicle (EV) manufacturer Rivian has secured a $6.6 billion loan from the U.S. Department of Energy (DOE) to develop ...

The U.S. Dept. of Energy is offering funding that would support the EV builder’s plan to build a new plant in Georgia where ...

A Department of Energy loan could enable the company to begin R2 and R3 production in the peach state as early as 2028 ...

ATLANTA — The U.S. Department of Energy announced that Rivian is set to receive a nearly $6.6 billion loan to construct its ...

Good afternoon and Happy Tuesday, readers. It’s been a busy day for both the Biden administration and incoming Trump ...

Initially earmarked for the Georgia facility, the R2 will now be produced at Rivian’s Normal plant. This strategic shift will save the company an estimated $2.25 billion, allowing it to allocate ...

The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s ...

The loan announced for Rivian on Tuesday includes an additional $600,000 in capitalized interest funded through the $891 billion Inflation Reduction Act of 2022.