Rivian and Mercedes-Benz are planning a joint venture to produce electric vans, including a new production line at a Mercedes facility in Europe.Rivian, the electric vehicle startup backed by Amazon, and Mercedes-Benz are forming a joint venture to make battery-powered vans in response to increasing demand for cleaner commercial vehicles.
The move comes as Rivian, which already supplies electric delivery vans to Amazon, works to scale up production after a rocky start this year owing to supply chain disruptions. The Irvine, California-based company, which also counts Ford as an investor, is the best-funded automotive startup in U.S. history. It saw its market cap surge after going public last year, becoming one of the world’s most valuable automakers, before a slow production start triggered a stock selloff earlier this year.
Every 1000 pound battery takes 500,000 pounds of material to be mined, every battery component has to be shipped from multiple countries to be processed, once the processing is complete all the components are sent to China, China we almost no environmental laws puts it together
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