DOE Announces $6.57 Billion Loan to Rivian to Support the …
Jan 16, 2025 · As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $6.57 billion loan ($5.975 billion of principal and $592 million of capitalized interest) to Rivian New Horizon, LLC to finance the development and construction of Project Horizon, an electric vehicle (EV) manufacturing ...
Biden administration to loan $6.6B to EV maker Rivian | AP News
Nov 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.
Biden finalizes major loan to EV-maker Rivian days before …
Jan 16, 2025 · The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will finance an electric vehi…
US Finalizing Billions for Rivian, Plug Power Before Trump ... - MSN
The Biden administration finalized billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. just days before President-elect Donald ...
Federal loan for Rivian’s Georgia plant finalized
Jan 16, 2025 · The loan, which comes days before President Joe Biden exits the White House, will provide Rivian with the financial backing to build its plant in southern Morgan and Walton counties, roughly an ...
Biden administration giving Rivian $6.6B loan to build Georgia …
Nov 26, 2024 · SOCIAL CIRCLE, Ga. - President Joe Biden’s administration announced on Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in...
Biden administration loans $6.6B to struggling Tesla rival Rivian
Nov 27, 2024 · Rivian, the maker of the R1T electric pickup truck, is due to receive a $6.6 billion loan from the Biden administration. Getty Images. The stock is up 22% this week. On Wednesday, the shares...
Ramaswamy’s threats to claw back Rivian loan spark criticism of …
Dec 5, 2024 · Trump’s Energy Department could conceivably cancel the loan commitment to Rivian under certain circumstances, according to two lawyers familiar with the government loan program.
Biden Administration to Loan $6.6B to EV Maker Rivian to Build …
Nov 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...
Rivian gets $6.6 billion government loan to build its EV factory in ...
Nov 26, 2024 · Rivian said it received “conditional commitment” for its application to the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, which was resurrected by President Joe Biden in...
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