Rivian Reduces DOE Loan to $4.5 Billion and Expands Georgia Factory Capacity
Rivian has reduced its Department of Energy loan from $6.6 billion to $4.5 billion and plans to increase the capacity of its Georgia factory from 200,000 to 300,000 vehicles. The company also announced an earlier draw on the loan in early 2027 and a partnership with Uber for autonomous R2 robotaxis.
Topics: factory expansion funding Georgia loan deal R2 SUV Rivian Uber partnership