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Mercedes Van Deal With Rivian Opens Door to Broader Partnership

  • Plant in Europe will start joint production in ‘a few years’
  • Manufacturers say they’ll explore other possible synergies
A Mercedes-Benz EQV electric van.

A Mercedes-Benz EQV electric van.

Photographer: Alex Kraus/Bloomberg
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Mercedes-Benz AG and Rivian Automotive Inc. plan to jointly build electric vans in Europe, a potential win-win that could lead to further collaboration as an established manufacturer looks to share costs and an inexperienced company struggles to scale up.

The two will invest in and operate a new assembly plant at an existing Mercedes facility in central or eastern Europe that will begin production in “a few years,” according to a statement. The companies didn’t release details of the 50-50 joint venture, including investment figures.