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Rivian will likely receive $6.6 billion loan from the government to open its plant in Georgia

  • American EV maker Rivian has secured a commitment for a $6.6 billion loan from the US Department of Energy.
  • The loan will be used to accelerate Rivian's growth and support the construction of its manufacturing plant in Georgia.
  • The plant will create around 7,500 operational jobs and will have the capacity to build 400,000 vehicles annually.
  • The loan is subject to certain conditions being satisfied before finalizing the financing documents and disbursing the funds.

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