Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump's inauguration.

Rivian said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia.

Electric vehicle maker Rivian Automotive said it has finalized a $6.6 billion loan agreement with the federal government just days before the Trump Administration takes over.

Rivian has finalized a $6.6 billion loan agreement with the DOE to support the construction of a new manufacturing facility in Georgia.

Plans for the new Rivian plant outside Atlanta had stalled before the federal government provided the help following an agreement that company officials say was over two years in the making.

Rivian has completed an agreement with the U.S. Department of Energy that will see it get a $6.6 billion loan it will use to build a new factory in Georgia. The loan was preliminarily approved in November and its closure came with urgency as the future of the department’s loan program for clean vehicle projects under the incoming Trump administration is unclear.