Three months after signing an MOU to work with Mercedes on the development of electric vans, Rivian has backed away from the deal.
they had signed a memorandum of understanding — a first step toward building electric vans together in Europe. It was exciting news for Rivian because it linked the US startup with an established automaker and expanded its operations beyond the borders of the US.on December 12 it is pausing plans to produce its electric commercial vans in Europe and will no longer pursue the Memorandum of Understanding with Mercedes that was signed just three months ago.
“At this point in time, we believe focusing on our consumer business, as well as our existing commercial business, represent the most attractive near-term opportunities to maximize value for Rivian. We share the same goal as Mercedes-Benz Vans, to help the world transition to electric vehicles, and we look forward to exploring opportunities with them at a more appropriate time for Rivian.”
“The ramp-up plan for our new EV manufacturing site in Jawor, Poland is not affected. We will continue with full speed and determination to scale up electric vehicle production in our first dedicated electric van plant, which is designed for maximum flexibility and productivity. Exploring strategic opportunities with the team at Rivian in the future remains an option, as we share the same strategic ambition — accelerating the EV adoption with benchmark products for our customers.
For its part, Mercedes seems to be doing quite nicely on its own. It has improved its eSprinter battery-electric van to the point where is can travelThe Takeaway
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