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Amazon Web Services, Inc.

Biden administration closes on over $6.5 billion loan to EV-maker Rivian

Amazon Web Services, Inc.
Summary
Nutrition label

63% Informative

The Biden administration closed on a more than $6.5 billion loan to electric vehicle manufacturer Rivian this week .

The loan will help fund an EV plant in Georgia , focusing on vehicles made for mass market as opposed to the company's luxury line.

Rivian has worked to secure the loan since 2022 and in March said it was pausing construction on the Georgia plan.

VR Score

68

Informative language

69

Neutral language

36

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links