Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026.

Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia. The announcement comes ahead of the inauguration of President-elect Donald Trump,

The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle maker Rivian for a plant in Georgia. The administration said the loan would support the construction of a facility where Rivian will make up to 400,

Hyundai and Kia are recalling more than 200,000 vehicles because their integrated charging control units may have issues that could result in loss of drive power.

Hyundai is recalling more than 145,000 of its electric vehicles because of a charging issue that could cause the cars to lose power while driving.