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Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian downsizes DOE loan to $4.5B, while boosting capacity of 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,…
Why it matters
For professionals tracking rivian, this is a data point worth bookmarking. The loan implications alone deserve follow-up.