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Rivian wins preliminary approval for $6.6B federal loan for Georgia EV plant

Rivian (RIVN) announced late Thursday night that it won a “conditional commitment” from the Department of Energy (DOE) for a $6.6 billion loan, highlighting Rivian’s improving capital condition. The loan, part of the DOE’s Energy’s Advanced Technology Vehicle Manufacturing (ATVM) program, would support the construction of Rivian’s upcoming assembly plant located outside of Atlanta. Rivian […]