Tech & Gadgets

Rivian downsizes new EV factory after Trump's DOE slashes loan agreement

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Rivian has downsized its Georgia EV factory's production capacity from 400,000 to 300,000 units annually due to a revised loan agreement with the US Department of Energy. This shift impacts developers and tech professionals by altering expectations for EV manufacturing scales and financial backing in the automotive industry. Watch for further adjustments in Rivian’s production timelines and potential effects on supply chains.

Read the full article at The Verge

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