Rivian to Receive $6.6 Billion Department of Energy Loan for Georgia Plant

Key TakeawaysRivian announced late Monday that the EV startup has received initial approval for a loan from the U.S. government to build a factory in Georgia.The company could receive a $6.6 billion loan from the Department of Energy's Advanced Technology Vehicle Manufacturing program, pending legal and environmental hurdles.If the loan is approved, the Georgia facility would produce a projected 400,000 vehicles per year. Rivian (RIVN) announced late Monday that it has received "conditional commitment" from ...