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Mercedes-Benz, Rivian partner on EV commercial vans in Europe

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Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill.

Michael Wayland / CNBC

Mercedes-Benz and Rivian said Thursday they are planning a joint venture to build large, electric commercial vans for both brands.

The companies plan to manufacture two different EV vans – one for each automaker – on a shared assembly line, they said. The idea is to reduce costs for both companies by sharing investments, technology and suppliers.

They plan to build a new EV-only production facility at an existing Mercedes-Benz factory site in Central or Eastern Europe, with production starting in “a few years,” the two companies said in a statement.

“Mercedes‑Benz Vans…



Source cnbc.com

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