Biden administration preliminarily OKs $6.6B loan to EV maker Rivian

Biden administration preliminarily OKs $6.6B loan to EV maker Rivian

The Biden administration plans to provide a $6.6 billion loan to Rivian for an electric vehicle plant in Georgia, supporting the production of 400,000 affordable electric SUVs and crossovers. The loan aims to boost EV manufacturing, create jobs, and combat climate change.

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