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Global Trade Alert

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United States of America: DOE approves USD 6.57 billion loan to Rivian New Horizon for EV manufacturing facility

Description

On 16 January 2025, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced the approval of a USD 6.57 billion loan to Rivian New Horizon LLC. The funding will support the developme...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Jan 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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