The loan is divided into two phases, with up to $3.4bn allocated for the first phase and up to $2.6bn for the second, excluding capitalised interest. In November 2024, Rivian expanded its partnership with Volkswagen, forming a joint venture focused on software and electronic systems for electric and autonomous vehicles. This follows Volkswagen's announcement of a $5bn investment in Rivian earlier last year. "Rivian secures $6.6bn DOE loan for Georgia EV manufacturing plant " was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.