Rivian lands $6.5B loan to build Georgia EV and robotaxi hub

Electric vehicle maker Rivian has secured a major loan to expand production in the US. The company will build a new factory in Georgia, creating thousands of jobs and boosting local manufacturing. The move comes as the domestic EV industry prepares for growth, despite past political resistance to electrification. The US Department of Energy has approved a $6.5 billion conditional loan for Rivian, with $4.5 billion earmarked for its Georgia plant. This funding will help the company produce 300,000 electric vehicles each year at the new facility. Rivian also plans to manufacture its more affordable R2 model in both Georgia and its existing Illinois plant.

The Georgia factory will generate 7,500 permanent jobs, 2,000 construction roles, and an additional 8,000 indirect positions. The project represents a $5 billion investment in the state, backed by Republican Governor Brian Kemp, who supports EV-focused economic policies. Beyond passenger vehicles, Rivian will assemble up to 50,000 robotaxis at the Georgia site in partnership with Uber. This expansion aligns with a broader recovery in the US EV charging sector and rising demand for autonomous ride-hailing services.

Rivian’s Georgia plant is set to become a key hub for EV and robotaxi production. The $6.5 billion loan ensures the company can scale up manufacturing while adding jobs to the local economy. The project marks a significant step in the US push for domestic electric vehicle production.