Thursday, September 8, 2022

Mercedes-Benz, Rivian Team On Electric Van Production

Mercedes-Benz and Rivian are in a Memorandum of Understanding (MOU) to work together on production of Rivian's vans, Mercedes-Benz said this morning. According to Mercedes-Benz, the planned joint venture will produce bespoke large electric vans for Mercedes‑Benz and for Rivian. According to Mercedes-Benz, the companies will look to leverage shared investments, shared costs and will pursue "operational synergies" to rapidly scale electric van production. Financial details of the MOU were not announced.