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

Rivian downsizes its new EV factory in Georgia due to a revised loan agreement with the US Department of Energy, reducing annual production capacity from 400,000 to 300,000 units. The change is attributed to a $2.1 billion reduction in the loan amount from $6.6 billion to $4.5 billion. This shift may impact Rivian's ability to meet growing EV demand. Engineers should monitor the situation for potential supply chain implications. Rivian plans to reach the new capacity sooner than initially expected.