Rivian Seeking Federal Loan to Restart Georgia EV Plant Project [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Irvine, California-based Rivian expects the facility to be partially operational by the third quarter of 2027, with full production in 2028, the Department of Energy disclosed in a filing dated this month and posted to its website. The department said in the filing that no final decision has been made on Rivian's loan request. It did not specify the requested loan amount or terms and the company declined to comment Friday when asked about the dollar value. Earlier this year, Rivian paused plans to build the Georgia plant, saying it would instead launch its next generation vehicle, called R2, from an existing facility in Normal, Illinois. The move allowed it to bring the higher volume product to market sooner and save $2.25 billion in the process as it continues to burn through cash with heavy losses. In 2022, Rivian secured a $1.5 billion package of state and local incentives — the biggest in Georgia's history — to build the massive plant outside Atla
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RIVN
News
- Rivian applies for federal loan to restart Georgia EV factory construction [Yahoo! Finance Canada]Yahoo! Finance Canada
- Rivian applies for federal loan to restart Georgia EV factory construction [Yahoo! Finance Canada]Yahoo! Finance Canada
- Rivian applies for federal loan to restart Georgia EV factory construction [Yahoo! Finance]Yahoo! Finance
- Rivian Seeking Federal Loan to Restart Georgia EV Plant Project [BNN Bloomberg (Canada)]BNN Bloomberg
- Rivian cuts production forecast, citing supply chain issue; its stock dips [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 8/6/24 - Miss
RIVN
Sec Filings
- 10/4/24 - Form 8-K
- 9/25/24 - Form 4
- 9/23/24 - Form 144
- RIVN's page on the SEC website