First Electric Benz Factory
In Jawor, Poland, Mercedes-Benz (MBGn.DE) Vans will spend more than 1 billion euros ($1.05 billion). subject to fulfillment of requirements such as acceptance of subsidies for its investment, the company announced on Monday. First Electric Benz Factory
With the Polish government and other partners, the van manufacturer, a branch of Mercedes-Benz. has signed a declaration of intent to add the van plant to its Jawor facility, where it now produces combustion engines and batteries for Mercedes-Benz Cars.
The facility will be the fourth van production facility in Europe for Mercedes-Benz. which is restructuring its van production network to focus only on completely electric vans manufactured on the VAN.EA platform.
The statement, which supported a statement from Rivian, indicated that a potential expansion of the factory through a joint venture with American electric van manufacturer Rivian (RIVN.O), would no longer be possible.
Rivian announced on Monday that it will concentrate on its consumer business and current commercial operations. The firms had stated in September that they planned a combined venture to make electric vehicles in a facility in Poland, Hungary, or Romania over the next several years.
About Mercedes Benz
Mercedes-Benz is a German luxury and commercial vehicle automobile company that was here since 1996. Mercedes-Benz is also occasionally referred to as Benz. The headquarters of Mercedes-Benz AG is in Stuttgart, Baden-Württemberg, Germany.
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