Electric vehicle manufacturer Rivian is set to expand its production capabilities in the United States, with plans to significantly boost production at its upcoming plant in Georgia. The company has announced that it will be increasing the production capacity of the facility, which is expected to create hundreds of new jobs in the state. In a surprise move, Rivian has also revealed that it will be reducing the size of a Department of Energy loan, which was initially secured to support the development of the Georgia plant. The details of the revised loan agreement have yet to be disclosed, but it is likely to have significant implications for Rivian's financial outlook and its ambitious plans to become a major player in the EV market.
Rivian to boost EV production at planned Georgia plant, shrinks DOE loan AJC.com
