Rivian sinks as the EV maker halts production deal with Mercedes just 3 months after partnership was announced

Dec 12 2022 by Business Insider

 
Rivian recalled 13,000 of its vehicles on Friday.

Justin Sullivan / Staff / Getty

Rivian said Monday that it halted plans to co-develop electric delivery vans with Mercedes-Benz. The partnership between Mercedes and Rivian was announced just three months ago. Rivian shares tumbled nearly 6% in Monday's trading session. 

Rivian stock fell on Monday as the electric vehicle maker said plans to co-develop electric delivery vans with Mercedes-Benz in Europe have been halted. 

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Continue Reading Rivian sinks as the EV maker halts production deal with Mercedes just 3 months after partnership was announced