Rivian, Mercedes pause plans for JV to build electric vans in Europe

- Mercedes-Benz and Rivian are putting on hold a planned collaboration to build electric vans in Europe that was signed just three months ago, the two companies said, as the U.S.- based electric-vehicle maker focuses on its domestic business.

- Mercedes-Benz Vans and Rivian in September signed a MOU for a JV to produce two large, full-electric vans in a factory in Central or Eastern Europe.

- Mercedes in a news release cited Rivian’s “ongoing reprioritization of projects.” Rivian said it will focus on its consumer and existing commercial business as it tries to become cash flow-positive in its U.S. operations.