semiconductor / news / / The Atlanta Journal-Constitution
Rivian says the change will allow the company to expand the scope of its Georgia factory's first phase.
Rivian has reduced its federal construction loan from $6.6 billion to $4.5 billion.
KEY POINTS
- The amended loan enables Rivian to expand phase one of its Georgia factory.
- Rivian's Georgia factory first phase will now have a 300,000 vehicle annual capacity.
- This new capacity is a 50% increase from Rivian's previous plans for the facility.
COMPANIES
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