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Article Summary
  • Biden administration to loan $6.6B to EV maker Rivian to build factory in Georgia
  • Automaker Rivian paused plans for factory due to funding issues
  • Loan is part of the Biden administration's efforts to promote electric vehicles
  • Rivian is expected to create thousands of jobs with the new factory
  • The loan is seen as a boost for the electric vehicle industry Tone: Positive
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Joe Biden
  The Columbian     2 hours ago
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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