Biden Administration to Lend $6.6B to Rivian for Restarting Georgia Factory Construction
The Biden administration announced on Tuesday that the U.S. Department of Energy will offer a $6.6 billion loan to Rivian Automotive, aimed at restarting construction of the company’s stalled Georgia factory. The loan comes after Rivian, an electric vehicle startup, faced financial struggles as it worked to become profitable. There is uncertainty surrounding whether the […]