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Rivian gains conditional $6.6B loan commitment for Georgia factory

  • Rivian has received conditional approval for a loan of up to $6.6 billion for its Georgia manufacturing facility.
  • The loan will fund production of Rivian's R2 SUV and R3 and R3X crossovers.
  • The company expects the Georgia facility to begin production by 2028 with an initial capacity of 200,000 units per year.
  • The facility is projected to create around 7,500 operations jobs through 2030 and 2,000 construction jobs.

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