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Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
Read full article: Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker pausedPresident Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Read full article: Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billionShares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement.
Rivian to end exclusivity with Amazon, allow other companies to buy its electric vans
Read full article: Rivian to end exclusivity with Amazon, allow other companies to buy its electric vansElectric vehicle maker Rivian says it will allow other companies to purchase its delivery vans, ending its exclusive agreement with Amazon.
Tesla technology inches closer to becoming industry standard as Rivian joins its charging network
Read full article: Tesla technology inches closer to becoming industry standard as Rivian joins its charging networkElectric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year.
Sources: Hyundai to set $7B US plant during Biden Asia visit
Read full article: Sources: Hyundai to set $7B US plant during Biden Asia visitA U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia.