Skip to content

Rivian locks in US$6.6bn loan for Georgia plant construction 

Despite numerous capital injections, the automaker’s path to profitability still means penetrating the mainstream SUV segment. By Stewart Burnett 

Pure electric vehicle (EV) brand Rivian announced the finalisation of its US$6.6bn loan from the Department of Energy (DoE) on 17 January 2025. The automaker stated that this would be used to build its manufacturing plant in Stanton Springs, Georgia—first announced by the state government in 2021. A conditional offer was previously made public in November 2024. 

It’s time to log in (or subscribe).

Not a member? Subscribe now and let us help you understand the future of mobility.

Pro
£495/year
or £49.50/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
no
OEM Tracker
no
OEM Model Plans
no
OEM Production Data
no
OEM Sales Data
no
Pro+
£1,950/year
or £195/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Team
£3,950/year
or £395/month
Up to 5 users
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Enterprise
Unlimited
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes

https://www.automotiveworld.com/articles/rivian-locks-in-us6-6bn-loan-for-georgia-plant-construction/

Welcome back , to continue browsing the site, please click here