Rivian is pausing plans of manufacturing electric commercial vans in Europe. It is also going to “no longer pursue” the agreement it made with Mercedes-Benz just 3 weeks ago. Rivian CEO Rj Scaringe said ““We’ve decided to pause discussions with Mercedes-Benz Vans regarding the Memorandum of Understanding we signed earlier this year for joint production of electric vans in Europe.”, and he also said the company was trying to get “the best risk-adjusted returns”. The company also said they will consider future work with Mercedes-Benz when they feel the time is right.
