Mercedes-Benz and Rivian have formed a new joint venture to build “bespoke large” commercial electric vans, the companies announced Thursday.
The companies signed a memorandum of understanding to start a strategic partnership that will invest in a new plant, with its target set on using an existing Mercedes-Benz site in Central or Eastern Europe. This marks Rivian’s first foothold in the continent; the automaker only has one manufacturing facility in the US.
