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What will be the construction status of Rivian's Georgia EV factory by December 31, 2025?
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Rivian Automotive•Advanced Technology Vehicle Manufacturing•ATVM•Program•Rivian•Stanton Springs North•Georgia
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Progress reports from Rivian or industry news outlets
Story
Rivian Secures Conditional $6.6 Billion Federal Loan for Delayed Georgia EV Factory
Nov 26, 2024, 04:31 AM
Rivian Automotive has received a conditional commitment for a loan of up to $6.6 billion from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program. The loan, if finalized, will support the construction of Rivian's delayed electric vehicle factory in Stanton Springs North, Georgia. This facility is part of Rivian's plans to expand its production capacity. The approval is conditional and not yet finalized, with further steps required to secure the funding.
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Fully operational • 25%
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Facility Repurposed • 25%
Before December 2025 • 25%
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Between June 2026 and December 2026 • 25%
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