Subject to formal agreement, the joint venture will build two new large electric vans in a factory based in central or eastern Europe, with output expected within two years. One van will be based on the M-B Vans’ electric architecture known as VAN.EA, and the other based on the second generation Rivian Light Van (RLV) platform.
ALD Automotive and LeasePlan Merger to Go Ahead for €4.9 Billion
The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.