Electric vehicle manufacturer Rivian will receive nearly $6.6 billion from the Biden administration to construct a factory in Georgia as part of the White House’s agenda to expand the EV industry.
The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing facility in Stanton Springs North, Georgia.
Read more in the Washington Examiner.
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