Rivian and Mercedez Benz Electric Van Partnership

[stickyfingers]

https://www.engadget.com/rivian-mercedes-benz-electric-van-partnership-142406287.html

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[UT Rivian]

Surprised this isn’t getting more attention on this forum as it could be a massive deal for Rivian.

Another article about the announcement

 

[Ripped]

Advantage = Benz

 

[NY_Rob]

Was wondering why RIVN jumped almost 11% today... now I know why.

 

[R1Sky Business]

https://www.engadget.com/rivian-mercedes-benz-electric-van-partnership-142406287.html

As long as they have the Raw materials to build the first 100,000 already!!!

 

[Khaos]

I see what's in this for both. Mercedes gets to take advantage of Rivian's expertise in EV mass production while Rivian gets to produce and sell their Vans in Europe without dealing with the massive capital investment of building a factory. Interesting to say the least.

 

[Sgt Beavis]

https://media.mercedes-benz.com/article/677a158b-be7d-4069-9580-402b4a6231c7

 

[manitou202]

This may turn out to be bigger than many realize. It could be a perfect cash cow for Rivian to simply provide electric Van skate boards to companies like Mercedes. I'm all for it if it helps provide cash to pursue other vehicles.

It also gives Rivian access to the European market which is huge.

 

[jakef801]

Surprised this isn’t getting more attention on this forum as it could be a massive deal for Rivian.

Another article about the announcement

Oh, it got attention, to the tune of 10.9% jump in stock price. Win, win in my opinion, mainly because of Europe's intense pressure on EVs. I was semi-stunned to believe that all of Mercedes aims to have all of their delivery vehicles be EV by 2025. I'll believe that when I see it. Their ICE delivery vehicles are like locusts all over Europe. Are they gonna sell their existing ones all to Asia and Africa? Seems likely. I have to assume that existing companies using their vehicles will be able to remain on the road to a certain extent - haven't followed Europe's EV regulatory mandates too closely, especially commercial vehicles. Regardless, I don't see how Mercedes can achieve that lofty and transitionary goal in the next 28 mos.

 

[kurtlikevonnegut]

This may turn out to be bigger than many realize. It could be a perfect cash cow for Rivian to simply provide electric Van skate boards to companies like Mercedes. I'm all for it if it helps provide cash to pursue other vehicles.

It also gives Rivian access to the European market which is huge.

The nature of the agreement is somewhat vague at this stage. I could certainly see an agreement that involves Rivian providing skateboards to Mercedes to add a body to as a way to circumvent the exclusivity agreement. Then again, based on the reporting it could just be cost sharing on a manufacturing facility. Even then, Rivian gets a win because they get Mercedes cost sharing and their local expertise navigating local politics and labor to springboard European operations.

 

[COdogman]

Still seems very preliminary, but it does make sense for both.

 

[C.R. Rivian]

Oh, it got attention, to the tune of 10.9% jump in stock price. Win, win in my opinion, mainly because of Europe's intense pressure on EVs. I was semi-stunned to believe that all of Mercedes aims to have all of their delivery vehicles be EV by 2025. I'll believe that when I see it. Their ICE delivery vehicles are like locusts all over Europe. Are they gonna sell their existing ones all to Asia and Africa? Seems likely. I have to assume that existing companies using their vehicles will be able to remain on the road to a certain extent - haven't followed Europe's EV regulatory mandates too closely, especially commercial vehicles. Regardless, I don't see how Mercedes can achieve that lofty and transitionary goal in the next 28 mos.

Well, I guess we'll see how the Mercedes bendz...

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