Why Rivian’s new DOE deal has failed to cheer Wall Street analysts
Monday, 20 January 2025 ()
The US Department of Energy has agreed to lend $6.6 billion to Rivian Automotive Inc (NASDAQ: RIVN) to set up a new production facility in Georgia. Dubbed the “Project Horizon”, the 9 million square foot plant would produce an estimated 400,000 electric vehicles annually. In a statement last week, Rivian chief executive RJ Scaringe said: […]
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