The Department of Energy announced last week that it has closed a $6.57 billion loan to electric vehicle manufacturer Rivian for an electric vehicle plant that previously had been put on pause.

A shortage of a critical part idled production at Rivian’s sole assembly plant in Illinois for several weeks last year, prompting the company to slash its full-year production forecast.

The Normal Town Council on Monday approves public infrastructure extension and reimbursement agreement with Rivian and ...

One of the measures is to reimburse Rivian a maximum $3 million to extend an 18-inch sewer line to the site where the ...

The loan, which comes as President Joe Biden exits the White House, will provide Rivian with the financial backing to build its plant in southern Morgan and Walton counties, roughly an hour east ...

Administrative analyst Jacob Smith updated the town council on the status of the 2023 Strategic plan at its meeting on Monday ...

While Rivian had already been set up to build the facility since announcing its development in November 2023, the construction efforts stalled in March. “Our Georgia plant remains an extremely ...

Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year. After shutting down its Normal, IL manufacturing plant last April and ...

Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same ...

A shortage of a critical part idled production at Rivian’s sole assembly plant in Illinois for several weeks last year, prompting the company to slash its full-year production forecast.

The loan, which comes as President Joe Biden exits the White House, will provide Rivian with the financial backing to build its plant in southern Morgan and Walton counties, roughly an hour east ...