President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.

Shares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement.

Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia.

Electric vehicle maker Rivian says it will allow other companies to purchase its delivery vans, ending its exclusive agreement with Amazon.

Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year.

A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia.

The state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant. That's according to documents the company and state signed Monday. That's by far the largest incentive package Georgia has ever offered to a company. Georgia Economic Development Commissioner Pat Wilson says the size of the package is “appropriate” for the largest single industrial announcement in Georgia history. Rivian hopes to break ground as early as this summer and begin production in Georgia in 2024. The plant has been beset by opposition from residents east of Atlanta who say Rivian will spoil their rural quality of life.

Sources briefed on the decision say electric truck maker Rivian Automotive will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers.