Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said recently that it is partnering with Mercedes-Benz Group to produce large electric vans in Europe. 

The joint venture between the two automakers is a traditional move in the auto industry (such deals help automakers share costs), but it's also a significant move for Rivian that comes at a time when the EV maker is trying to find its footing in the rapidly expanding EV market.  

A Rivian van on the assembly line. Image source: Rivian.

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Source Fool.com