arrival

Arrival Ltd is a British electric vehicle manufacturer headquartered in London, UK, of primarily lightweight commercial vehicles. In June 2020, Arrival announced a new passenger bus designed for coronavirus-era social distancing.R&D takes place at their facility in Banbury, Oxfordshire. In March 2020, Arrival acquired a new factory in Bicester with plans to be operational by 2021 and start production in 2022. In December 2020, Arrival established its North American headquarters in Charlotte, NC, USA.Arrival claims that their electric vehicles are the first EVs that cost the same as petrol and diesel equivalents. The company has created an electric vehicle platform that can be scaled to make many variants in multiple vehicle categories.
It was announced that Arrival had raised $118 million from US funds manager BlackRock Inc in October 2020, adding to previous investment from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp of $111 million.In November 2020, it was announced that Arrival would list on NASDAQ by merging with special-purpose acquisition company CIIG Merger Corp. In late May 2021, Arrival announced that it would be building electric cars for Uber ride-hailing drivers, with production expected in Q3 of 2023. In August 2021, Arrival President Avinash Rugoobur stated that the company would open a product development R&D center in India due to increasing interest from that market. In November 2021, the company announced that it would start production the following year.

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    Arrival

    Hello Mod Staff & Membes

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