Rivian Pauses Electric Van Project Planned With Mercedes In Europe via insideevs.com
Three months after announcing an agreement to build electric vans with Mercedes-Benz in Europe, Rivian has changed its mind and is putting the plans on hold. CEO RJ Scaringe today announced the company would"no longer pursue" the agreement with Mercedes-Benz Vans for the time being, according to"We've decided to pause discussions with Mercedes-Benz Vans regarding the Memorandum of Understanding we signed earlier this year for joint production of electric vans in Europe.
That said, the EV startup noted it remains open to exploring future work with Mercedes-Benz"at a more appropriate time for Rivian." In September,to build electric vans in a new factory in Poland, Hungary or Romania within the next few years, as part of a 50-50 joint venture. due in 2025 and one based on the second-generation Rivian Light Van platform.
"The option to expand the factory even further by establishing a new joint venture manufacturing company together with Rivian for large all-electric Vans is on hold due to Rivian’s ongoing reprioritization of projects."Mathias Geisen, the head of Mercedes-Benz Vans, was quoted as saying bythat"exploring strategic opportunities with the team at Rivian in the future remains an option.
Rivian is one of many startups trying to cash in on demand for electric commercial vans, competing for market share with legacy automakers like Ford and General Motors, which
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivian pauses Mercedes-Benz electric van partnership after just 3 months | EngadgetJust three months after announcing a partnership with Mercedes to manufacture commercial electric vans in Europe, Rivian now says its pausing those plans..
Read more »
Rivian pauses JV plans with Mercedes-Benz to make electric vans in EuropeRivian Automotive Inc said on Monday it is pausing its joint venture with Mercedes-Benz Vans, just three months after the companies entered a partnership to make electric vans in Europe.
Read more »
Rivian pauses plans to make electric vans in Europe with Mercedes-BenzRivian said it remains open to exploring future work with Mercedes-Benz 'at a more appropriate time.'
Read more »
Honda's all-electric N-Van will start at just $7,300Honda announces N-Van EV, an electric kei work van with a 124-mile range. Price will start at just $7,300 at today's exchange rates. It is Japan-market only.
Read more »
Rivian's electric van deal with Mercedes on holdRivian has pulled out of a deal with Mercedes just three months after announcing it.
Read more »
Rivian says it won't go forward with Mercedes-Benz deal three months after agreeing to itElectric vehicle maker Rivian on Monday said it won't go forward with a plan to make electric vans in Europe with Mercedes-Benz, just three months after...
Read more »