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