Kia funding in Arrival bears fruit with microfactory van plan

Kia funding in Arrival bears fruit with microfactory van plan

Kia funding in Arrival bears fruit with microfactory van plan

Hyundai and Kia investing £100 million into Arrival again in 2020 appears to be like like cash down the drain because the British EV agency continues to sink – to the purpose that it is now threatened with delisting from the Nasdaq inventory trade.

Or is it? At the CES tech show in Las Vegas final week, Kia impressed with a line-up of modular electrical vans whose promised development strategies regarded very acquainted.

The Korean firm is proposing that its so-called PBV (for Purpose Built Vehicle) business vary, due from 2025, might be constructed globally in microfactories in a manner similar to that proposed by Arrival.