Mercedes plans joint venture with Tesla competitor to make car in Europe – Executive Digest

Mercedes plans joint venture with Tesla competitor to make car in Europe – Executive Digest


Mercedes-Benz Vans and Tesla competitor Rivian are planning a joint venture to produce electric vans at a plant in Poland, Hungary or Romania in the coming years. The companies signed a memorandum of understanding for strategic cooperation and joint production.

A 50-50 joint venture is planned and negotiations will be completed soon. The two companies will develop two vans, one based on the Mercedes-Benz VAN.EA platform and the other based on the Rivian Light Van electric platform.

“We are happy to collaborate with Mercedes-Benz on this project. “Mercedes-Benz is one of the most well-known and respected car companies in the world, and we believe that together we will produce amazing electric vehicles that will benefit not only our customers, but the planet,” said RJ Scaringe, CEO of Rivian.

Mathias Geisen, strategy director at Mercedes-Benz Vans, assured that “from 2025, all passenger vehicles based on our new VAN.EA architecture will be purely electric. I am pleased that, as part of this change, we are now joining forces with Rivian. We share investments and technologies because we also share the same strategic interest: to accelerate the electrification of the van market with sustainable and efficient products for our customers.

Rivian is struggling to ramp up production at its Illinois plant as supply disruptions and rising material prices have forced it to cut staff and delay product programs. Splitting costs with Mercedes will help you start with significant cost savings.