Arrival garners $300M which will help slow its cash-burn rate
The UK-based EV startup Arrival garners $300 million and hopes to slow the financial bleeding. It is still short to start the van production.
Source: techstory.in
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Arrival Ditching UK Production For US To Tap Into EV Tax Credit
Arrival will shift its manufacturing focus from Bicester, UK, to Charlotte, North Carolina, where it will build a family of Van products for the US.
Source: insideevs.com
Arrival Builds First Production Verification Van At UK Microfactory
Arrival says the Vans that will be produced this year will not be sold to customers; instead, they will be used for testing, validation and quality control.
Source: insideevs.com
Arrival Going All-In On Van But Will Build Only 20 Units In 2022
The company claims to have non-binding orders for about 149,000 vehicles, which if all completed, would bring over $6 billion in potential revenue.
Source: insideevs.com
First Arrival Vans will be delivered later this year
British start-up Arrival will scale back production of its van after half-year financial report
Source: autoexpress.co.uk
Arrival: A High-Risk, High-Reward Play In The EV Sector (NASDAQ:ARVL)
Arrival is a speculative EV play. Its business model is quite different from other EV start-ups.
Source: seekingalpha.com
Arrival Pauses Electric Car and Bus Production to Give Way for Electric Delivery Vans
EV manufacturer startup, Arrival will halt electric car and bus production to get started with their electric vans.
Source: techtimes.com
US Tax Credit Could Rev Up Electric Vehicle Production In Canada
/PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric...
Source: prnewswire.com
Microsmallcap.com: US Tax Credit Could Rev Up Electric Vehicle Production In Canada
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap
Source: finanznachrichten.de
Arrival May Cut Up To 30% Of Staff As Part Of Reorganization
Arrival remains committed to start production of its electric Van in the third quarter of this year and says it can meet its business targets until late 2023.
Source: insideevs.com