Rivian Just Snagged a Key Electric Van Partnership
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said recently that it is partnering with Mercedes-Benz Group to produce large electric vans in Europe.
The joint venture between the two automakers is a traditional move in the auto industry (such deals help automakers share costs), but it's also a significant move for Rivian that comes at a time when the EV maker is trying to find its footing in the rapidly expanding EV market.
A Rivian van on the assembly line. Image source: Rivian.
Source Fool.com
