General impact 16

Rivian downsizes DOE loan to $4.5B for Georgia factory

Rivian downsizes DOE loan to $4.5B for Georgia factory Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original a…

Why it matters

The timing matters: rivian is converging with shifts in loan, which could amplify the downstream impact.

Read full article at TechCrunch →

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