<ul><li>The Biden Administration has agreed to provide a conditional loan of $6.6 billion to Rivian for the development of an EV manufacturing facility in Georgia.</li><li>The loan will support the construction of a nine million square foot facility and create up to 2,000 full-time jobs during the construction phase and 7,500 operations jobs by 2030.</li><li>Rivian, known for producing electric SUVs and pickup trucks, plans to use the loan to expand its manufacturing capacity and produce more affordable vehicles for the mass market.</li><li>The loan could potentially antagonize Elon Musk and his company Tesla, as it seems directed towards Rivian, Tesla's competitor, and a close rival of Musk's.</li></ul>

Biden Administration To Loan Rivian $6.6 Billion For EV Factory

Discover more