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Rivian revises DOE loan down to $4.5B for Georgia factory.
Rivian reduced its planned DOE loan for the Georgia factory from $6.6B to $4.5B.
KEY POINTS
- The revised loan amount was approved after consultation with the Department of Energy.
- The funding adjustment reflects updated project costs for Rivian's Georgia manufacturing facility.
- This reduced loan still supports Rivian's ongoing expansion and production goals in Georgia.
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