Rivian’s Georgia EV plant gets $6.6B conditional loan, opens 2028

Rivian has received conditional approval for a federal loan of $6.6 billion to fund a plant in Georgia The plant will have an annual capacity of 400,000 vehicles and is anticipated to start production in 2028 The plant will initially build Rivian’s R2 and R3/R3X compact crossovers Rivian has been granted conditional approved for a $6.6 billion…