Rivian and U.S. Department of Energy Finalize Loan Agreement to Support Future Georgia Manufacturing Site
Rivian (RIVN) has finalized a loan agreement with the U.S. Department of Energy's Loan Programs Office for up to $6.6 billion, including $6 billion in principal and $600 million in capitalized interest. The funds will support the construction of Rivian's next manufacturing facility in Stanton Springs North, Georgia.
The facility will create 7,500 new manufacturing jobs and accelerate the production of Rivian's new R2 SUV and R3 crossover models. Construction is scheduled to begin in 2026, with customer vehicle production expected in 2028. The loan will be distributed in two phases: up to $3.4 billion for phase one and up to $2.6 billion for phase two.
Located less than an hour from Atlanta, the state-of-the-art facility will employ modern construction techniques and advanced environmental management while preserving natural spaces. Rivian has already begun hiring in the region for construction and management positions.
Rivian (RIVN) ha finalizzato un accordo di prestito con l'Ufficio dei Programmi di Prestito del Dipartimento dell'Energia degli Stati Uniti per un massimo di 6,6 miliardi di dollari, di cui 6 miliardi di dollari in capitale e 600 milioni di dollari in interessi capitalizzati. I fondi supporteranno la costruzione del prossimo stabilimento di produzione di Rivian a Stanton Springs North, in Georgia.
Lo stabilimento creerà 7.500 nuovi posti di lavoro nella manifattura e accelererà la produzione dei nuovi modelli di SUV R2 e crossover R3 di Rivian. La costruzione è prevista per 2026, con la produzione delle auto per i clienti attesa nel 2028. Il prestito sarà distribuito in due fasi: fino a 3,4 miliardi di dollari per la fase uno e fino a 2,6 miliardi di dollari per la fase due.
Situato a meno di un'ora da Atlanta, lo stabilimento all'avanguardia utilizzerà tecniche di costruzione moderne e una gestione ambientale avanzata, preservando nel contempo gli spazi naturali. Rivian ha già iniziato a reclutare nella regione per posizioni legate alla costruzione e alla gestione.
Rivian (RIVN) ha finalizado un acuerdo de préstamo con la Oficina de Programas de Préstamo del Departamento de Energía de EE. UU. por hasta $6.6 mil millones, incluidos $6 mil millones en capital y $600 millones en intereses capitalizados. Los fondos respaldarán la construcción de la próxima planta de fabricación de Rivian en Stanton Springs North, Georgia.
La instalación creará 7,500 nuevos empleos en manufactura y acelerará la producción de los nuevos modelos de SUV R2 y crossover R3 de Rivian. La construcción está programada para comenzar en 2026, con la producción de vehículos para clientes esperada en 2028. El préstamo se distribuirá en dos fases: hasta $3.4 mil millones para la fase uno y hasta $2.6 mil millones para la fase dos.
Ubicada a menos de una hora de Atlanta, la planta de última generación empleará técnicas de construcción modernas y una gestión ambiental avanzada, al mismo tiempo que preserva los espacios naturales. Rivian ya ha comenzado a contratar en la región para puestos relacionados con la construcción y la gestión.
리비안 (RIVN)은 미국 에너지부의 대출 프로그램 사무소와 최대 66억 달러의 대출 계약을 체결했습니다. 여기에는 60억 달러의 원금과 6억 달러의 자본화된 이자가 포함됩니다. 이 자금은 조지아주 스탠턴 스프링스 북부에 리비안의 차세대 제조 시설 건설을 지원합니다.
이 시설은 7,500개의 새로운 제조 일자리를 창출하고 리비안의 새로운 R2 SUV 및 R3 크로스오버 모델 생산을 가속화할 것입니다. 건설은 2026년에 시작될 예정이며, 고객 차량 생산은 2028년에 시작될 것으로 예상됩니다. 대출은 두 단계로 분배됩니다: 1단계에 대해 최대 34억 달러, 2단계에 대해 최대 26억 달러입니다.
애틀랜타에서 한 시간도 채 안되는 거리에 위치한 이 최첨단 시설은 현대적인 건축 기법과 고급 환경 관리를 사용하며, 자연 공간을 보존합니다. 리비안은 이미 지역에서 건설 및 관리 직책을 위한 채용을 시작했습니다.
Rivian (RIVN) a finalisé un accord de prêt avec le Bureau des programmes de prêts du département de l'Énergie des États-Unis pour un montant pouvant atteindre 6,6 milliards de dollars, dont 6 milliards de dollars en principal et 600 millions de dollars en intérêts capitalisés. Les fonds soutiendront la construction de la prochaine usine de fabrication de Rivian à Stanton Springs North, en Géorgie.
L'usine créera 7 500 nouveaux emplois dans le secteur manufacturier et accélérera la production des nouveaux modèles de SUV R2 et de crossover R3 de Rivian. La construction devrait débuter en 2026, avec une production de véhicules pour les clients attendue en 2028. Le prêt sera distribué en deux phases : jusqu'à 3,4 milliards de dollars pour la première phase et jusqu'à 2,6 milliards de dollars pour la deuxième phase.
Située à moins d'une heure d'Atlanta, cette installation de pointe utilisera des techniques de construction modernes et une gestion environnementale avancée tout en préservant les espaces naturels. Rivian a déjà commencé à recruter dans la région pour des postes liés à la construction et à la gestion.
Rivian (RIVN) hat eine Darlehensvereinbarung mit dem Büro für Darlehensprogramme des US-Energieministeriums über bis zu 6,6 Milliarden US-Dollar abgeschlossen, darunter 6 Milliarden US-Dollar in Kapital und 600 Millionen US-Dollar an kapitalisierten Zinsen. Die Mittel werden den Bau von Rivians neuem Produktionsstandort in Stanton Springs North, Georgia, unterstützen.
Das Werk wird 7.500 neue Arbeitsplätze in der Produktion schaffen und die Produktion der neuen SUV-Modelle R2 und R3 von Rivian beschleunigen. Der Bau soll im 2026 beginnen, während die Produktion von Kundenfahrzeugen im 2028 erwartet wird. Das Darlehen wird in zwei Phasen ausgezahlt: bis zu 3,4 Milliarden US-Dollar für Phase eins und bis zu 2,6 Milliarden US-Dollar für Phase zwei.
Weniger als eine Stunde von Atlanta entfernt wird die hochmoderne Einrichtung moderne Bauverfahren und fortschrittliches Umweltmanagement einsetzen und gleichzeitig natürliche Räume erhalten. Rivian hat bereits mit der Einstellung von Personal in der Region für Bau- und Verwaltungspositionen begonnen.
- Secured $6.6 billion in government funding for facility expansion
- Creating 7,500 new manufacturing jobs
- Expanding production capacity for new R2 and R3 vehicle models
- Strategic location near Atlanta for logistics efficiency
- Long timeline to production start (2028)
- Significant debt addition to balance sheet
- Extended period before revenue generation from new facility
Insights
The
The Georgia facility's strategic timing aligns with the mass-market R2 and R3 models' launch, potentially enabling Rivian to achieve economies of scale and reduce per-unit production costs. The 7,500 new jobs commitment suggests a substantial production capacity target, though the 2028 production timeline indicates a lengthy ramp-up period that could impact near-term market positioning.
For investors, this development reduces capital raising concerns and execution risk, though careful monitoring of construction progress and spending efficiency will be crucial. The DOE backing also provides implicit validation of Rivian's technology and business model, potentially enhancing investor confidence.
The planned Georgia facility represents a significant scaling opportunity for Rivian's manufacturing capabilities. The 2026 construction start and 2028 production timeline suggests a comprehensive facility design incorporating advanced manufacturing processes and automation. The location near Atlanta provides logistical advantages with access to major transportation networks and a skilled workforce pool.
The phased approach to both construction and loan disbursement indicates a methodical capacity expansion strategy. This reduces operational risks associated with rapid scaling while allowing for optimization of manufacturing processes. The focus on preserving natural spaces while implementing modern construction techniques suggests a balanced approach to sustainable manufacturing, which could yield long-term operational benefits and community support.
This development positions Rivian strategically in the evolving EV market landscape. The focus on mass-market R2 SUV and R3 crossover models indicates a shift from the premium segment toward broader market penetration. The timing of production start in 2028 coincides with projected acceleration in mainstream EV adoption, though it also means facing potentially intensified competition from established automakers and other EV startups.
The DOE loan's structure and government backing provide Rivian with a competitive advantage in financing costs compared to peers. The commitment to 7,500 jobs also suggests significant production volume targets, potentially enabling Rivian to compete more effectively on price through scale benefits. However, the extended timeline to production means Rivian must maintain market relevance and brand strength during the interim period.
Rivian’s next-generation facility to strengthen American innovation will hire more than 7,500 people to produce world-class vehicles
Construction is expected to begin in 2026 with the production of customer vehicles expected to take place in 2028. Rivian and the Department of Energy have worked together closely for over two years in order for the loan to proceed to closing.
“This loan will help us accelerate the launch of our
Rivian has already begun hiring in the region for construction and management roles, with multiple open positions statewide. Recruitment is expected to ramp quickly as facility construction approaches.
The loan will be split across two phases of Rivian’s
Rivian plans to design and build a state of the art manufacturing facility at the Stanton Springs site, less than one hour’s drive from downtown
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward- looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the possible issuance and timing of advances under the loan, the terms of the loan and related financing documents, the use of proceeds, the satisfaction of covenants and conditions under the loan, the absence of events of default, construction of our manufacturing facility, the launch and expansion of the R2 and R3, and the expected impact of the loan. In some cases you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed in Part II, Item 1A, “Risk Factors” in Rivian’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
About Rivian
Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in
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Source: Rivian
FAQ
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