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.

Mario Tama / Getty Images Rivian Automotive shares rose Friday ... loan worth up to $6.6 billion to build a factory in Georgia. The plant—set to be built "less than one hour's drive from ...

Rivian founder and CEO RJ Scaringe said: “This loan will help us accelerate the launch of our Georgia plant for R2 and R3, providing thousands of jobs in the state. “People are incredibly ...

Rivian Automotive, Inc. RIVN will receive a $6.6 billion loan from the Department of Energy (DOE) to build a manufacturing plant in Georgia. This facility will produce SUVs and crossover vehicles ...

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration. The company will use the loan to help build ...