Transportation

Rivian Seeking Federal Loan to Restart Georgia EV Plant Project

A Rivian R1T electric vehicle pickup truck at the company's manufacturing facility. — A Rivian R1T electric vehicle pickup truck at the company's manufacturing facility.
Photographer: Jamie Kelter Davis/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Edward Ludlow and Kara Carlson

October 4, 2024 at 8:38 PM UTC

This article is for subscribers only.

Rivian Automotive Inc. has applied for a federal loan to fund construction of a new electric vehicle plant in Georgia, a project that had stalled after a cash crunch and change in strategy.

Irvine, California-based Rivian expects the facility to be partially operational by the third quarter of 2027, with full production in 2028, the Department of Energy disclosed in a filing dated this month and posted to its website.