American EV maker Rivian has secured a $6.6 billion loan from the US Department of Energy to facilitate growth and establish its manufacturing plant in Georgia.
"This funding is crucial for Rivian and will enable it to ramp up vehicle production at the new facility, bringing approximately 7,500 operational jobs to Georgia."
Rivian's new manufacturing facility aims to produce the R2 SUV and R3 vehicle lines, which the company believes are essential for long-term profitability and market expansion.
The Georgia facility, while initially starting at 200,000 vehicles per year, is expected to bolster Rivian's presence both domestically and internationally.
Collection
[
|
...
]