Electric automaker Rivian Automotive revealed on Tuesday that it has received conditional approval for a loan of up to $6.6 billion under the U.S. Department of Energy's (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program to expand its electric vehicle manufacturing in the United States.
The loan, if finalized, would help in the construction of the Rivian's next facility in Stanton Springs North, near the city of Social Circle, Georgia and would boost the company's domestic capacity to support the demand both within the U.S. and the international market, according to a press release from the company
