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9/8/2022, 3:23 PM (Source: TeleTrader)
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Mercedes, EV-maker Rivian plan to partner on electric vans

Mercedes-Benz Vans and American electric carmaker Rivian Automotive announced on Thursday they signed a memorandum of understanding to enter a strategic partnership on the production of electric vans.

The companies noted that they plan to create a joint venture with a factory in Europe that would manufacture large electric vans for both Mercedes‑Benz Vans and Rivian starting in a few years. "The companies envisage production-optimized vehicle designs for efficient manufacturing on common assembly lines. They will aim to produce two large vans, one based on VAN.EA (MB Vans Electric Architecture), the electric-only platform of Mercedes‑Benz Vans, and the other based on the second generation electric-van, Rivian Light Van (RLV) platform," the companies stated.

The joint venture is subject to the automakers entering a final binding agreement and getting all necessary regulatory approvals.

Baha Breaking News (BBN) / NP