Mercedes-Benz and Rivian partner to jointly build electric vans in Europe

Mercedes-Benz and Rivian are partnering to produce electric vans at scale in Europe.
The joint venture announced Thursday will help each automaker scale its bespoke large battery-electric van businesses as Mercedes-Benz plans to phase out gas-engine vans by 2025.
The news sent Rivian shares up 9% in morning trading.
Together, the companies plan to build and operate a factory in Europe that produces vans for both brands as Rivian, which has a contract to supply Amazon with 100,000 electric delivery vans (EDVs), begins to seek other commercial customers.
The partnership will enter production in

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