“At this point in time, we believe focusing on our consumer business, as well as our existing commercial business, represent the most attractive near-term opportunities to maximize value,” Rivian CEO RJ Scaringe stated in a press release. Both Mercedes-Benz and Rivian had signed a memorandum of understanding in September for a joint venture to build large commercial electric vans.
The companies were going to build the vehicles together at a manufacturing site in Poland, but the German…
