Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant

Rivian has renegotiated its Department of Energy loan to 4.5 billion dollars and plans to accelerate use of the loan for its Georgia factory. The loanOriginally covered two production phases totaling 400,000 units annually, and new disclosures indicate Georgia capacity will expand to 300,000 vehicles in the initial phase, contributing to a broader 515,000-unit total capacity target. Sources note the loan size reduction from 6.6 billion to 4.5 billion and the timing shift, with TechCrunch noting an earlier draw in 2027. Some sources emphasize the higher initial Georgia output while others reiterate the reduced loan amount.