Mercedes-Benz Vans and electric vehicle manufacturer Rivian today announced the signing of a Memorandum of Understanding to initiate a strategic partnership to cooperate on the production of electric vans.
Subject to the parties entering into final binding agreements and to obtaining the relevant regulatory clearances, the companies intend to establish a new joint venture manufacturing company with the purpose of investing in, and operating, a factory in Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian, starting in a few years. The target is to build an all-new electric-only production facility leveraging an existing Mercedes-Benz site in
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