American EV start-up Rivian has paused joint-venture negotiations with Mercedes-Benz Vans to prioritise its existing areas of business.
The two companies signed a memorandum of understanding in September to establish a new company to manufacture three new electric vans in Europe.
These would have been two new vehicles based on Mercedes-Benz Vans’ upcoming VAN.EA platform as well as Rivian’s second-generation Light Van platform.
The former is due to arrive on the market from 2025 and is unaffected by the joint-venture talks coming to an end.
