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Rivian downsizes DOE loan to $4.5B of Georgia factory | TechCrunch
Techcrunch.com and 3 more
- Rivian renegotiated a U.S. DOE loan to 4.5 billion, aligning financing with a scaled Georgia plant plan and tighter funding.
- The amended loan covers a phase of production with a total capacity of 300,000 vehicles at the Georgia plant.
- Rivian plans to start drawing loan funds in early 2027 and begin Georgia production in 2028, speeding up initial output while trimming total capacity.
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