Donald Trump was sworn in as the 47th president earlier today, but the Biden administration rammed through a number of last minute decisions before that took place. One of them was the finalization of a loan to Rivian worth up to $6.6 billion.

 

The Department of Energy said the money will be used to finance the development and construction of a new manufacturing plant near Social Circle, Georgia. The facility will span approximately nine million square feet and have the capability to build up to 400,000 crossovers and SUVs annually.