The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will finance an electric
RIVN has struggled over the past year, posting significant losses and failing to keep up with industry giants such as Tesla.
Outgoing US President Joe Biden approves funding for clean energy projects just days ahead of President-elect Donald Trump's return to the White House. The funding includes $6.6 billion for electric truck maker Rivian (RIVN) and $1.
Innovations in battery technology, charging infrastructure, and falling costs could help electric vehicles (EVs) achieve widespread adoption. One company working on this is Rivian (NASDAQ: RIVN), a U.
The Biden administration finalized billions of dollars in financing for electric-vehicle maker Irvine-based Rivian Automotive and hydrogen company ... became a $400 billion green bank during Joe Biden’s presidency — faces new threats from Trump ...
Shares of Rivian Automotive fell by 6.5% Tuesday. President Donald Trump's repeal of a 2021 executive order by former President Joe Biden has sent EV-related stocks lower.
The U.S. Department of Energy gave final approval Thursday to electric vehicle maker Rivian for a $6.6 billion loan to support its stalled Georgia factory, a huge infusion of cash intended to ensure the plant gets built.
Electric-vehicle maker Rivian plans to launch its advanced hands-free driver assistance systems in 2025 and its "eyes-off" systems in 2026, CEO RJ Scaringe said on Thursday.
Automakers have been competing to introduce more autonomous driving features such as lane-keep assist and adaptive cruise control into their vehicles.
The Biden administration announced on Thursday, Jan. 16, it has closed on a loan worth more than $6.5 billion with EV-maker Rivian.
Shares of Rivian Automotive (NASDAQ: RIVN) slumped today and were trading nearly 7% lower as of 1:30 p.m. ET Tuesday. With Donald Trump taking the oath of office on Monday and revoking as many as 78 executive orders signed by his predecessor Joe Biden -- including one on electric vehicles (EV) -- investors in Rivian are feeling jittery.
Rivian CEO RJ Scaringe told Business Insider that Biden-era EV incentives were a "tailwind" but that the business would be fine without them.