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Rivian and Mercedes-Benz electric van partnership is on hold indefinitely


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Chrome Mercedes-Benz logo next to a white Rivian logo in front of a black backdrop Image: Mercedes-Benz / Rivian

Rivian and Mercedes-Benz halted plans to co-develop multiple new electric delivery vans based on both companies’ commercial EV platforms. Rivian put the agreement on pause reportedly 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 signed a memorandum of understanding in September for a joint venture to build large commercial electric vans.

The companies were going to build the vehicles...

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