Tag Archives: into Arrival

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.