Korean auto giants Hyundai and Kia have invested over $110 million in Arrival, making the electric vehicle company one of Britain's most valuable startups.
Hong Kong Korean auto giants Hyundai and Kia have invested over $110 million in Arrival, making the electric vehicle company one of Britain's most valuable startups.
The €100 million infusion values Arrival at €3 billion , a company spokesperson said, and will help jump-start collaboration between the three automakers. It's a big boost for Arrival, a five-year-old company that has about 800 employees across five countries, including Germany, the United States and Russia. It's based in London.Arrival wants to make electric vehicles that cost about the same as traditional models powered by fossil fuels.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyundai unveils first Genesis SUV in renewed overseas premium pushSouth Korea’s Hyundai Motor unveils first Genesis SUV in renewed overseas premium push
Read more »
Musk nears $346 million payday as Tesla market value soarsMusk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with US and Chinese factories
Read more »
Amazon Inches Toward Carbon Neutrality Goal With StreetScooter Electric Truck PartnershipAmazon has a goal of reaching carbon neutrality by 2040. To help it get there, the retailing giant has partnered with StreetScooter
Read more »
Elon Musk stands to get even richer if Tesla’s market cap tops $100 billionTesla Inc. Chief Executive Elon Musk may do another dance if the electric car maker’s stock rises a few more percent and stays there a while, as he stands to...
Read more »
Cannes Film Festival Is Already Better Than the OscarsI mean the bar is in the earth's crust at this point but. Good. CannesFilmFestival
Read more »