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Hyundai and Kia invest in UK EV startup Arrival, will develop EVs together
Hyundai and Kia plan to invest €100 million ($111 million) in UK-based Arrival, and to work with the EV startup to develop new vehicles.
Arrival has sold its electric delivery trucks, which are native EVs – not conversions of ICE vehicles – to the Royal Mail and UPS.
“Arrival, Hyundai, and Kia will use Arrival’s flexible skateboard platforms and technologies to create new purpose-built electric vehicles across multiple vehicle categories,” Hyundai announced.
Read the whole news at chargedevs.com