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Reuters

Rivian gets $6.6 billion conditional loan approval to build Georgia EV plant

Reuters
Summary
Nutrition label

77% Informative

Electric vehicle maker Rivian says it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy .

Operation of the Georgia plant, where Rivian plans to build future vehicles such as its smaller, less expensive R2 SUVs and R3 crossovers, will begin in 2028 .

Rivian shares are down about 50% this year as the young company has struggled to produce its roomy electric SUVs.

VR Score

87

Informative language

94

Neutral language

30

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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