Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker

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Rivian snags $6.6B conditional federal loan to build Georgia factory

Tesla told a California state judge that it expects to seek dismissal of the case against Rivian.

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Tesla settling technology theft suit against Rivian

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Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program

In 2020, two of the nation’s most prominent electric vehicle manufacturers faced off — not in a speed trial or a cross-country rally, but instead in the legal arena. As CNN reported at the time, Tesla sued Rivian, arguing that its employees had stolen trade secrets from the Elon Musk-owned company. The legal jousting continued over the years that followed, with Rivian’s efforts to dismiss the lawsuit denied by a judge earlier this year.EV enthus…

InsideHook

Tesla Announces Settlement in Rivian Lawsuit

Written by Cláudio Afonso | LinkedIn | X Rivian has secured conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to finance the construction of its electric vehicle manufacturing plant in Georgia, the company announced on Monday. The EV maker, led by RJ Scaringe, plans to begin production in 2028 with an annual capacity of 200,000 vehicles. The second phase will enable Rivian to add another 200,000 units, brin…

ELECTRIC VEHICLES

Rivian Wins Conditional $6.6 Billion Loan for Georgia EV Plant

Is the Rivian car a true innovator or just a clever copycat? Dive into the thrilling saga of electric giants as trade secrets spark fierce debates! The post Did the Rivian car steal all Tesla’s self-drive secrets? appeared first on Film Daily.

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Did the Rivian car steal all Tesla's self-drive secrets? – Film Daily

Rivian receives conditional $6.6B federal loan to build 400,000-unit Georgia facility for R2 SUV & R3 crossover production, promising 7,500 new jobs through 2030.

stocktitan.net

Rivian Secures $6.6B DOE Loan Commitment for Massive Georgia EV Factory

By Abhirup Roy SAN FRANCISCO (Reuters) –     Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker’s production facility in Georgia. Operation of the Georgia plant, where Rivian plans to build future vehicles such as its smaller, less expensive R2 SUVs and R3 crossovers, will begin in 2028, the California-based startup said in a statement…

regionalmedianews.com

Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant - Regional Media News

Rivian Automotive Inc (NASDAQ: RIVN) is up 13% today after California said it will revive incentives for EV buyers if Donald Trump moves to terminate the federal electric vehicle tax credits. Gov. Gavin Newsom plans on announcing a new version of the state’s CVRP (clean vehicle rebate programme) if President-elect eliminates rebates on buying select new electric vehicles. An end to federal tax credits could result in a 27% decline in US demand f…

Invezz

Rivian soars 13% on Monday after double dose of good news

In a significant development for the electric vehicle (EV) sector, Rivian Automotive (NASDAQ: RIVN) 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. This funding, which includes approximately $600 million in capitalized interest and $6 billion in principal, is aimed at accelerating Rivian's growth and enhancing its leadership in t…

Rivian snags $6.6B conditional federal loan to build Georgia factory

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