Mercedes-Benz Vans and Rivian have signed a memorandum of understanding for a joint venture to produce electric vans at a plant in Central or Eastern Europe within the next few years.

Mercedes-Benz Vans announced the news on Thursday.

The companies are planning ways to produce both of their models off a joint production line, Mercedes-Benz said, adding that it is also developing a new all-electric van architecture called the VAN.EA.

/Telegraph/