December 12, 2022 06:13 pm
Original Link: https://www.theverge.com/2022/12/12/23505427/rivian-mercedes-benz-electric-van-ev-plans-hold-paused
Rivian and Mercedes-Benz electric van partnership is on hold indefinitely
Rivian and Mercedes-Benz based on both companies’ commercial EV platforms. Rivian put the agreement on pause because it was concerned about spending a lot of money on an expensive new vehicle development project amid a slowing economy.
“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,” Rivian CEO RJ Scaringe stated in a press release. Both Mercedes-Benz and Rivian had for a joint venture to build large commercial electric vans.
The companies were going to build the vehicles...
Original Link: https://www.theverge.com/2022/12/12/23505427/rivian-mercedes-benz-electric-van-ev-plans-hold-paused
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge