In March, Rivian announced it would pause construction of its Georiga plant to speed up current production and save the company money.Now, the company has taken a $6.6 billion loan from the Department of Energy to finish the factory.

Months after Rivian halted construction of its east Georgia factory, a lifeline from the federal government could help it restart the highly anticipated project. Why it matters: Rivian's planned 2,000-acre compound roughly 50 miles east of Atlanta,

Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia.The announcement comes ahead of the inauguration of President-elect Donald Trump,