Nearly fifteen years after DOE LPO gave Tesla its crucial lifeline to build Fremont, catalyzing the global EV sector, we can announce a $6B loan to Rivian for its new Georgia plant.
This is the one you’ve all been waiting for.
https://www.nytimes.com/2024/11/25/business/biden-loans-ev-auto-industry.html
This is the one you’ve all been waiting for.
https://www.nytimes.com/2024/11/25/business/biden-loans-ev-auto-industry.html
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This project will be transformative not just for Georgia, but for the entire US automotive sector.
https://www.reuters.com/business/autos-transportation/rivian-gets-66-bln-conditional-loan-approval-build-georgia-ev-plant-2024-11-26/