There are questions about how the federal funding freeze could affect Georgia’s Rivian plant which was awarded billions in funding in the final days of the Biden administration.

The EV startup is pushing forward with plans for hands-free driving in 2025 and fully "eyes-off" systems by 2026, entering the competitive race for autonomous technology.

After a pause due to high costs, the electric vehicle manufacturer anticipates work on the project near Atlanta to begin in 2026.

Electric vehicles are “not a political thing,” according to Rivian’s (RIVN) CEO RJ Scaringe. Although the Trump administration is

Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.

The U.S. Department of Energy gave final approval Thursday to electric vehicle maker Rivian for a $6.6 billion loan to support its stalled Georgia factory, a huge infusion of cash intended to ensure the plant gets built.

Rivian CEO RJ Scaringe isn't a fan of ending the $7,500 federal EV tax credit, even if it could be good for his own company.

Rivian (NASDAQ:RIVN) closes on giant $6.6 billion loan from U.S. Department of Energy (DOE) to fund Georgia's state-of-the-art manufacturing facility. The new plant, to be located at the same location as the old factory of Lordstown Motors Corp.

Rivian has finalized a $6.6 billion loan agreement with the DOE to support the construction of a new manufacturing facility in Georgia.

The deal in the waning days of the Biden administration could insulate the loan from attempts to cut back on the Department of Energy’s Loan Programs Office, analysts say.

Established in 2009, Rivian designs, develops, and manufactures premium electric vehicles (EVs). Their lineup features the rugged R1T pickup truck, the versatile R1S SUV, and the eco-friendly Rivian electric delivery van.

Ahead of Trump’s return to the White House, Rivian (RIVN) secured up to $6.6 billion in funding for its second EV manufacturing plant. The new facility will be home to Rivian’s more affordable midsize R2 electric SUV.