Despite weathering years of steep economic losses, Rivian is embarking on a major expansion. On 25 November 2024, the pure electric vehicle (EV) start-up announced it had received “conditional” approval for a US$6.6bn loan from the US Department of Energy (DoE). Funds will be used to build an 1,800-acre EV plant near Atlanta, Georgia, with operations set to commence in 2028. Production at the plant will focus on the company’s upcoming R2- and R3-series vehicles.
