EV maker Rivian could restart Georgia plant construction as $6.6bn loan approved
26 November 2024
US-based electric vehicle (EV) maker Rivian could restart construction of a stalled factory in Georgia, after the US Department of Energy conditionally approved a loan of up to $6.6 billion.
Rivian said it could start operation of the plant, where it will produce its smaller, less expensive R2 SUVs and R3 crossovers, in 2028.
The company paused construction of the Georgia plant earlier this year amid a slowdown in EV sales in a bid to conserve cash and hasten the…
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