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US electric vehicle maker Rivian secures $1 billion loan from Volkswagen Group
1 day ago /
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Author：小编
On October 7 local time, US electric vehicle maker Rivian disclosed in a regulatory filing that it had secured a 10-year, $1 billion loan from Volkswagen Group with a fixed annual interest rate of 6.03%. The loan is related to the existing joint venture agreement between the two parties, is non-recourse to Rivian, and is secured by the 50% stake in the joint venture held by its wholly-owned subsidiary, Rivian JV SPC, LLC.
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