Rivian Automotive has reworked its loan agreement with the Department of Energy, reducing the borrowing amount to $4.5 billion from the originally planned $6.6 billion for construction of its new manufacturing facility in Georgia.

The electric vehicle manufacturer announced changes to the production capacity plans for the Georgia plant alongside the loan modification. The company had initially planned to build the facility in two phases, with each phase designed to produce 200,000 vehicles annually for a total capacity of 400,000 units. Rivian has now increased the initial production capacity by 50 percent while adjusting the overall development timeline.

The loan renegotiation comes as Rivian reported first-quarter 2026 financial results, showing increased revenue as the company begins production of its R2 electric vehicle model. The company delivered 10,365 vehicles in the first quarter, representing a 20 percent increase from the previous period.

Rivian held a groundbreaking ceremony for the Georgia facility late last year as part of its expansion plans beyond its existing Illinois manufacturing operations. The plant represents a significant component of the company's strategy to scale production and meet growing demand for electric vehicles.

The Department of Energy loan program supports domestic electric vehicle manufacturing as part of broader federal initiatives to boost clean energy infrastructure and reduce dependence on foreign supply chains.