U.S. electric vehicle maker Rivian is partnering with Mercedes-Benz to build a factory in Europe that will produce electric vans for both companies.
The companies are looking to produce two large vans, one based on VAN.EA, the electric-only platform of Mercedes-Benz Vans, and the other based on the second generation electric-van, Rivian Light Van platform.
The agreement comes two years after Amazon said it would buy 1,800 electric delivery vans from Mercedes-Benz. That was one year after Amazon, founded by Jeff Bezos, took a 20% stake in Rivian.Now Rivian needs to scale up rapidly to prove to investors that it can produce enough vehicles to satisfy demand. It would need to more than double the production of its most recent quarter to reach its goal of 25,000 this year.
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