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Arrival Reports First Quarter 2021 Financial Results June 30, 2021 17:30 ET | Source: Arrival Group Arrival Group Luxembourg, LUXEMBOURG LUXEMBOURG, June 30, 2021 (GLOBE NEWSWIRE) Arrival (NASDAQ: ARVL), the company creating electric vehicles (“EVs”) with its unique technologies, is pleased to report results for the first quarter ended March 31, 2021 having now finalised the accounting for the merger with CIIG in consultation with their advisors and external auditors. “Our Q1 adjusted EBITDA and cash balance are unchanged from what was communicated in our Q1 update on the 13th of May, 2021,” said Denis Sverdlov, CEO and founder of Arrival. “Since this date, we have made substantial progress in vehicle design, testing, sales and Microfactory commissioning in both the UK and the USA. The breadth and quality of our customer engagement has continued to grow and we are excited to see our trials begin with UPS in short o

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