Mercedes-Benz and Rivian to set up joint venture to build electric vans in Europe


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Pinwan, September 9. On September 8, local time, Mercedes-Benz Vans and Rivian, an American electric vehicle startup, announced the signing of a memorandum of understanding to launch a strategic partnership. The two parties will set up a joint venture in the future to produce electric trucks in Europe. The two companies hope to leverage shared investment, cost-sharing, and operational synergies to rapidly scale up production of electric vans.

The two parties are considering investing in an existing Mercedes-Benz plant in Central or Eastern Europe to build a brand-new all-electric production facility.

The two are expected to optimize the design of the vehicle for production to be produced on a common assembly line. The two companies will work on the production of two large vans, one based on VAN.EA, the pure electric platform of Mercedes-Benz vans, and the other based on the Rivian LightVan platform, a second-generation electric van.

According to Bloomberg, Mercedes-Benz’s Kecskemét plant in Hungary is likely to be shortlisted. The plant, which opened in 2012, currently produces entry-level Mercedes-Benz cars such as the A-Class, B-Class and C-Class. Currently, Mercedes-Benz plans to reduce production of such vehicles as part of its strategy to move to higher-end models.

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