Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same location as the old factory of Lordstown Motors Corp.

The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant.

The U.S. Department of Energy gave final approval Thursday to electric vehicle maker Rivian for a $6.6 billion loan to support its stalled Georgia factory, a huge infusion of cash intended to ensure the plant gets built.

Rivian said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia.

Rivian has finalized a $6.6 billion loan agreement with the DOE to support the construction of a new manufacturing facility in Georgia.

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

Rivian announced it has closed its loan agreement with the U.S. Department of Energy’s DOE Loan Programs Office LPO for up to $6.6B in

Rivian Automotive shares are charging higher in Thursday's after-hours session after the company finalized a loan agreement with the U.S. Department of Energy.

The Biden administration cut a multi-billion dollar check for struggling electric vehicle (EV) maker Rivian Thursday, just days before President-elect

Rivian has secured a $6.6 billion loan from the U.S. Department of Energy to construct a cutting-edge manufacturing facility in Georgia. This investment Rivian secures a $6.6B loan to build a state-of-the-art EV manufacturing facility in Georgia,

The company plans to build a nine million square foot facility capable of producing up to 400,000 mass-market electric SUVs and crossovers annually.