Rivian said Monday it was pausing plans to manufacture electric commercial vans in Europe and would “no longer pursue” the agreement it made with Mercedes-Benz.
The U.S.-based electric vehicle manufacturer said it remains open to exploring future work with Mercedes-Benz “at a more appropriate time.”
Mercedes-Benz said Rivian’s decision would not impact the timeline of its electrification strategy or the planned ramp-up of its new electric vehicle manufacturing site in Jawor, Poland.
**$RIVN daily, weekly, and monthly. I might go short this week if the horizontal support does not hold on he daily chart. The bottom trendline on the weekly chart sym triangle broke down last week:
