Rivian Automotive Inc. is shelving plans to jointly build electric vans in Europe with Mercedes-Benz AG, aborting a deal signed just three months ago to share costs and quickly scale up production.
Rivian will no longer pursue the memorandum of understanding signed with the German automaker in September to invest in and jointly operate an existing Mercedes plant, the U.S. company said in a statement Dec. 12. Mercedes said separately that the factory it was going to share with Rivian in Jawor, Poland, will produce medium and large vans that will hit the market in 2025.
