Mercedes-Benz Vans and Rivian move to partner on electric van production
Stuttgart, Germany & Irvine, California – WEBWIRE – Thursday, September 8, 2022
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Mercedes-Benz and Rivian sign Memorandum of Understanding for a strategic partnership and joint production of electric vans with the objective to set the standard in sustainable and all-electric transportation
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The planned joint venture will produce bespoke large electric vans for Mercedes-Benz and for Rivian
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The companies look to leverage shared investments, shared costs and will pursue operational synergies to rapidly scale electric van production
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Further options for increased synergies from the joint venture will also be explored
Stuttgart, Germany & Irvine, California Mercedes-Benz Vans, full range provider of electric private and commercial vans, and electric vehicle manufacturer Rivian, have today announced the signing of a Memorandum of Understanding to initiate a strategic partnership. The partnership will enable the companies to cooperate on the production of electric vans.
Subject to the parties entering into final binding agreements and to obtaining the relevant regulatory clearances, the companies intend to establish a new joint venture manufacturing company with the purpose of investing in, and operating, a factory in Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian, starting in a few years. The target is to build an all-new electric-only production facility leveraging an existing Mercedes-Benz site in Central/Eastern Europe.
The companies envisage production-optimised vehicle designs for efficient manufacturing on common assembly lines. They will aim to produce two large vans, one based on VAN.EA (MB Vans Electric Architecture), the electric-only platform of Mercedes-Benz Vans, and the other based on the second generation electric-van, Rivian Light Van (RLV) platform. Further options for increased synergies from the joint venture will also be explored.
The joint venture mirrors the common objectives of Mercedes-Benz Vans and Rivian: both companies plan to rapidly scale the production of electric vans to help the world transition to cleaner transportation. By working together, they will be able to leverage operations synergies and substantially increase cost efficiency to help make the vans more affordable for commercial customers driven by total cost of ownership.
RJ Scaringe, Chief Executive Officer of Rivian:
Rivian was created to encourage the world to transition away from fossil fuel consumption by creating compelling products and services. Were delighted to be partnering with Mercedes-Benz on this project. Mercedes-Benz is one of the worlds best known and respected automotive companies, and we believe that together we will produce truly remarkable electric vans which will not only benefit our customers, but the planet.
Mathias Geisen, Head of Mercedes-Benz Vans:
As a pioneer in the field of locally emission-free transportation MercedesBenz Vans has gained broad experience in producing and launching eVans since 2010. Now we are accelerating the transformation to a fully electric product portfolio. From 2025 onwards, all vans based on our new architecture VAN.EA will be electric-only. I am delighted that as part of this transformation we are now joining forces with Rivian – a highly dynamic and inspiring partner with a strong technology position. We are sharing investments and technology because we also share the same strategic ambition: accelerating the electrification of the van market with sustainable and superior products for our customers.
About Electric vans portfolio of Mercedes-Benz:
Mercedes-Benz Vans has firmly anchored its leadership aspiration for electric mobility in its strategy. With Vito E-CELL in 2010, Mercedes-Benz Vans was a pioneer in the field of locally emission-free transporters. Today, customers can choose from four battery-electric driven vans: the eVito Panel Van, the eSprinter, the eVito Tourer and the EQV. With the new eCitan and the upcoming EQT the van portfolio will soon be completely electrified. The next generation eSprinter will be launched in 2023.
From the middle of the decade, Mercedes-Benz Vans implements the next stage in its electrification strategy with VAN.EA (MB Vans Electric Architecture). Starting in 2025, all mid-size and large vans based on the new modular architecture will be electric-only.
About Rivian:
Rivian is building a brand and product portfolio with the objective of maximizing impact in the shift to carbon-neutral transportation. The R1T, R1S, and Electric Delivery Van (EDV) last-mile delivery vans are Rivians first vehicles in the consumer and commercial space. The R1T and R1S are flagship products for Rivian, uniquely combining performance, utility, and efficiency see Rivian.com for further information. On the commercial side Rivian launched the EDV, which was designed and engineered by Rivian in collaboration with Amazon, as an anchor product to combat climate change at scale in the fleet market. Rivian also has a bespoke fleet management tool FleetOS. FleetOS is designed to simplify the commercial experience around centralized fleet management and ownership. Rivian expects FleetOS to drive improved total cost of ownership and utilization across the full vehicle lifecycle.
WEBWIRE – Wednesday, June 29, 2022 Rivian opens three fast charging sites this week in Colorado and California, the first deployments in its nationwide Rivian Adventure Network. These Level 3 DC fast charging sites will initially provide over 200 kilowatts of power, allowing Rivian drivers to add as much as 140 miles of range in just 20 minutes and creating new opportunities for sustainable adventure far from home.
The first Rivian Adventure Network site in Salida, Colorado opened to the public on Monday, June 27 with four chargers, including a pull-through charger to accommodate vehicles towing trailers. The site also hosts four Level 2 Rivian Waypoints chargers, which are available for use by any EV not just Rivian vehicles through the Rivian smartphone app. Thanks to its natural beauty and abundant nearby recreational opportunities, Salida is an ideal location for Rivians first fast charging site. The second and third Adventure Network sites in Inyokern and Bishop, California, will open on June 28 and 29. These California sites support frequently visited areas like Yosemite National Park, Sequoia National Forest, Mammoth Lakes, and Death Valley National Park.
We designed Rivian charging to support electrified adventure, and these first sites demonstrate how were enabling drivers to responsibly reach some of the nations most breathtaking natural spaces, said Trent Warnke, Rivians Senior Director of Energy and Charging Solutions. In addition to scenic or off-the-beaten-path destinations, our fast charging rollout is designed to ensure travelers have places to charge along major transportation corridors coast to coast.
Recognizing that vehicle electrification is only one step in reducing environmental impact, Rivian is matching charging on Rivian Adventure Network and Waypoints chargers with 100% renewable energy on an annual basis. Rivian is engaging directly with clean energy developers and operators to promote tangible contributions to a cleaner grid when drivers plug in. To support this initiative, Rivian is building a portfolio of high-impact renewable projects around the country that balance technologies, location, and energy solutions. Integrating these solutions into a company-wide sustainability strategy is a foundational step on our path toward net-zero carbon emissions.
Rivian will continue opening Rivian Adventure Network sites with an initial goal of 3,500 fast chargers at 600 sites across North America.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the expansion of the Rivian Adventure Network. In some cases, you can identify forward-looking statements by terms such as may, will, should, forecasts, predicts, potential, or continue or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions. These forward-looking statements speak only as of the date when made, and we undertake no obligation to publicly update or revise any forward-looking statements after the date of this press release, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in our filings with the Securities and Exchange Commission.
About Rivian
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at rivian.com.
Rivian Adventure Network fast charging launches in Colorado, California