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Article Summary
- Biden administration to loan $6.6 billion to EV maker Rivian to build Georgia factory
- Automaker paused construction due to financial constraints
- Loan aims to support clean energy manufacturing and job creation
- Rivian's factory expected to create thousands of jobs in Georgia
- Biden administration's support for electric vehicle industry highlighted Tone: Informative and supportive of government intervention in clean energy manufacturing.
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Biden Administration To Loan $6.6B To EV Maker Rivian To Build Georgia Factory That Automaker Paused
ATLANTA (AP) President Joe Bidens administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
https://www.columbian.com/news/2024/nov/26/biden-a...
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