Mar 15, 2023 - 01:05 pm
Arrival catches a lifeline by Westwood Capital
Struggling EV developer Arrival has secured a $300 million injection from Westwood Capital, giving the company access to additional liquidity under certain conditions. The financing line may come as a lifeline to the British company to pull through the year.
Oct 24, 2022 - 01:53 pm
Arrival announces an electric van strategy for the USA
The British electric vehicle startup Arrival has announced a plan to restructure its business to focus resources on van products for the US market. However, the company will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers.
Aug 12, 2022 - 02:07 pm
Arrival confirms focus on electric delivery vehicles
In its latest quarterly report, the British electric vehicle start-up Arrival has confirmed the recently leaked strategic realignment, according to which the company will fully concentrate on the launch of its electric transporter for the time being and put its bus and car project on the back burner.
Dec 7, 2021 - 01:33 pm
Arrival to build battery assembly plant in Charlotte
The British electric vehicle developer Arrival is building an assembly plant for high-voltage battery modules for use in its vans and buses in Charlotte, North Carolina. Arrival is investing about 11.5 million US dollars in the plant.
Mar 18, 2021 - 02:39 pm
Arrival to build second microfactory in North Carolina
The British electric vehicle developer Arrival has announced its second ‘microfactory’ in the USA. This will be built in Charlotte in the state of North Carolina and is scheduled to start production in the third quarter of 2022.
Dec 10, 2020 - 01:09 pm
Arrival opens US headquarters in North Carolina
British electric commercial vehicle developer Arrival announced that it is establishing its North American headquarters in Charlotte, North Carolina, adding around 150 new employees and investing around $3 million towards the new company offices.