Rivian will not draw its approved $6.6B federal loan until after its Georgia plant is built, targeting 2028
Rivian's finance chief says the company will not touch the $6.6 billion U.S. government loan until its new plant in Georgia is built and ready to move toward production, which is expected in 2028. The statement came from CFO Claire McDonough, who spoke to reporters in Detroit. She said construction on the Georgia plant is [...]