Rivian to Receive $6.6B Conditional Loan from US DOE
Tomorrow's Technician
DECEMBER 3, 2024
American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. Phase 1 of the project is expected to start production in 2028. If finalized, the loan would be secured by all assets of the project and fixed assets and guarantees of the parent company, Rivian Automotive, Inc.
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