BUZZ-Rivian rises after finalizing $6.6 bln DOE loan for Georgia plant

Reuters

Jan 17, 2025

** Shares of electric vehicle startup Rivian Automotive

up 4.02% at $15.03 premarket

** RIVN and U.S. Department of Energy (DOE) finalized loan agreement for up to $6.6 bln to support future Georgia manufacturing site

** Fund to create 7,500 jobs in manufacturing and expand production of R2 SUV and R3 crossover

** Construction expected to begin in 2026; production of customer vehicles expected to take place in 2028

** RIVN stock had jumped 24.5% on Jan 3 after reporting upbeat Q4 deliveries, but has since fallen 12.6% as of last close

** Volkswagen is considering ways to deepen partnership with RIVN, CEO Oliver Blume told Spiegel magazine in comments published on Friday

** Separately, shares of hydrogen fuel cell maker Plug Power

rise 1.82% to $2.79, after co closes $1.66 bln loan guarantee from U.S. DOE's loan programs office

** In 2024, RIVN stocks fell 43.31%, while PLUG dropped 52.7%

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2504415348"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2504415348\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2504415348?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-17 19:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2504415348","market":"us","top_or_hot":-1,"title":"BUZZ-Rivian rises after finalizing $6.6 bln DOE loan for Georgia plant","media":"Reuters","content":"<html><body><p>** Shares of electric vehicle startup Rivian Automotive</p><p>  up 4.02% at $15.03 premarket</p><p>   ** RIVN and U.S. Department of Energy (DOE) finalized loan agreement for up to $6.6 bln to support future Georgia manufacturing site</p><p>   ** Fund to create 7,500 jobs in manufacturing and expand production of R2 SUV and R3 crossover</p><p>   ** Construction expected to begin in 2026; production of customer vehicles expected to take place in 2028 </p><p>   ** RIVN stock had jumped 24.5% on Jan 3 after reporting upbeat Q4 deliveries, but has since fallen 12.6% as of last close</p><p>   ** Volkswagen    is considering ways to deepen partnership with RIVN, CEO Oliver Blume told Spiegel magazine in comments published on Friday</p><p>   ** Separately, shares of hydrogen fuel cell maker Plug Power</p><p>  rise 1.82% to $2.79, after co closes $1.66 bln loan guarantee from U.S. DOE's loan programs office</p><p>   ** In 2024, RIVN stocks fell 43.31%, while PLUG dropped 52.7% </p><p> (Reporting by Sanchayaita Roy in Bengaluru)</p><p>((sanchayaita.roy@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Rivian rises after finalizing $6.6 bln DOE loan for Georgia plant</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Rivian rises after finalizing $6.6 bln DOE loan for Georgia plant\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-17 19:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Shares of electric vehicle startup Rivian Automotive</p><p>  up 4.02% at $15.03 premarket</p><p>   ** RIVN and U.S. Department of Energy (DOE) finalized loan agreement for up to $6.6 bln to support future Georgia manufacturing site</p><p>   ** Fund to create 7,500 jobs in manufacturing and expand production of R2 SUV and R3 crossover</p><p>   ** Construction expected to begin in 2026; production of customer vehicles expected to take place in 2028 </p><p>   ** RIVN stock had jumped 24.5% on Jan 3 after reporting upbeat Q4 deliveries, but has since fallen 12.6% as of last close</p><p>   ** Volkswagen    is considering ways to deepen partnership with RIVN, CEO Oliver Blume told Spiegel magazine in comments published on Friday</p><p>   ** Separately, shares of hydrogen fuel cell maker Plug Power</p><p>  rise 1.82% to $2.79, after co closes $1.66 bln loan guarantee from U.S. DOE's loan programs office</p><p>   ** In 2024, RIVN stocks fell 43.31%, while PLUG dropped 52.7% </p><p> (Reporting by Sanchayaita Roy in Bengaluru)</p><p>((sanchayaita.roy@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2504415348","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504415348","pubTimestamp":1737112283,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of electric vehicle startup Rivian Automotive  up 4.02% at $15.03 premarket   ** RIVN and U.S. Department of Energy  finalized loan agreement for up to $6.6 bln to support future Georgia manufacturing site   ** Fund to create 7,500 jobs in manufacturing and expand production of R2 SUV and R3 crossover   ** Construction expected to begin in 2026; production of customer vehicles expected to take place in 2028    ** RIVN stock had jumped 24.5% on Jan 3 after reporting upbeat Q4 deliveries, but has since fallen 12.6% as of last close   ** Volkswagen    is considering ways to deepen partnership with RIVN, CEO Oliver Blume told Spiegel magazine in comments published on Friday   ** Separately, shares of hydrogen fuel cell maker Plug Power  rise 1.82% to $2.79, after co closes $1.66 bln loan guarantee from U.S. DOE's loan programs office   ** In 2024, RIVN stocks fell 43.31%, while PLUG dropped 52.7%  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","RIVN":"Rivian Automotive, Inc.","PLUG":"普拉格能源","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4096":"电气部件与设备","BK4555":"新能源车","BK4596":"哈里斯概念","BK4541":"氢能源","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","BK4099":"汽车制造商","BK4547":"WSB热门概念","BK4588":"碎股","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"translate_title":"Rivian在敲定能源部为佐治亚州工厂提供的66亿美元贷款后股价上涨","themeId":"dd7c2c1b09c400c79bbcb95156d723d2","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLUG":0.9,"RIVN":1},"content_text":"** Shares of electric vehicle startup Rivian Automotive  up 4.02% at $15.03 premarket   ** RIVN and U.S. Department of Energy (DOE) finalized loan agreement for up to $6.6 bln to support future Georgia manufacturing site   ** Fund to create 7,500 jobs in manufacturing and expand production of R2 SUV and R3 crossover   ** Construction expected to begin in 2026; production of customer vehicles expected to take place in 2028    ** RIVN stock had jumped 24.5% on Jan 3 after reporting upbeat Q4 deliveries, but has since fallen 12.6% as of last close   ** Volkswagen    is considering ways to deepen partnership with RIVN, CEO Oliver Blume told Spiegel magazine in comments published on Friday   ** Separately, shares of hydrogen fuel cell maker Plug Power  rise 1.82% to $2.79, after co closes $1.66 bln loan guarantee from U.S. DOE's loan programs office   ** In 2024, RIVN stocks fell 43.31%, while PLUG dropped 52.7%  (Reporting by Sanchayaita Roy in Bengaluru)((sanchayaita.roy@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}