DOE Announces $6.57 Billion Loan to Rivian to Support the …
3 days ago · 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 ...
Rivian Finalizes $6.6 Billion Loan Agreement with U.S. Department …
1 day ago · With eliminating around $600 million in capitalized interest, Rivian said the loan would be divided in two phases: $3.4 billion for the first phase and $2.6 billion for the second phase.
Rivian closes $6.6 billion federal loan for Georgia EV plant before ...
1 day ago · Rivian, based in Irvine, Calif., said the government loan will support 7,500 manufacturing jobs in Georgia. In 2024, Rivian production fell 14 percent to 49,476 vehicles, and deliveries rose 2.9 ...
Rivian and U.S. Department of Energy Finalize Loan Agreement to …
2 days ago · The loan will be split across two phases of Rivian’s Georgia facility. Excluding capitalized interest, the first phase is expected to have a loan size up to $3.4B and the second phase up to $2 ...
Rivian and U.S. Department of Energy Finalize Loan Agreement
Rivian and U.S. Department of Energy Finalize Loan Agreement to Support Future Georgia Manufacturing Site
Rivian Financing & Payment Options - Customer Support
Get information on Rivian financing and payment options. Learn about loan terms, payment schedules, and more to make informed vehicle purchasing decisions.
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.
Federal loan for Rivian’s Georgia plant finalized
2 days ago · The U.S. Department of Energy has given final approval to electric vehicle maker Rivian for a loan expected to be worth $6 billion to support its stalled Georgia factory, a person with direct ...
LPO Announces Conditional Commitment to Rivian to Support …
Nov 25, 2024 · The loan would mark the first ATVM loan under the Biden-Harris Administration to produce advanced technology vehicles (ATVs), as opposed to ATV components. LPO borrowers are required to develop and ultimately implement a …
Rivian receives conditional commitment from DOE for $6.6B for …
Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program