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LONDON (Reuters) - British electric van and bus maker Arrival will develop an electric car for Uber Technologies Inc that will go into production in late 2023, the two companies said on Tuesday.
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Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States.
The “Arrival Car” will be an “affordable, purpose-built electric vehicle for ride-hailing,” and will go into production in the fourth quarter of 2023, the companies said.
Uber plans to be a fully electric mobility platform in London by 2025, and across North America and Europe by 2030. The company has raised more than 135 million pounds ($188 million) to help its drivers in London upgrade to an electric vehicle by 2025.
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By Nick Carey LONDON (Reuters) - British electric van and bus maker Arrival will develop an electric car for Uber Technologies Inc that will go into production in late 2023, the two companies said on Tuesday. Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States. The Arrival Car will be an affordable, purpose-built electric vehicle for ride-hailing, and will go into production in the fourth quarter of 2023, the companies said.
Uber plans to be a fully electric mobility platform in London by 2025, and across North America and Europe by 2030. The company has raised more than 135 million pounds ($188 million) to help its drivers in London upgrade to an electric vehicle by 2025.
United Parcel Service Inc (NYSE: UPS) last year, which also owns a stake in Arrival.
“We have a great partnership with UPS . and we hope to replicate that success with Uber as we develop the best possible product for ride hailing,” Arrival Senior Vice President Tom Elvidge said in a statement, as noted by Gizmodo.
The EV startup claims it is able to keep costs low and competitive thanks to its vertical integration business model that relies on in-house components, materials and software.
The company has already built a few prototype vans but is yet to begin testing them on public roads. Arrival had earlier this year told Benzinga it expects to start production of its electric buses by the fourth quarter of 2021, and electric vans are slated to launch in the second quarter of 2022.
By Syndicated Content
By Nick Carey
LONDON (Reuters) â British electric van and bus maker Arrival will develop an electric car for Uber Technologies Inc that will go into production in late 2023, the two companies said on Tuesday.
Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States.
The âArrival Carâ will be an âaffordable, purpose-built electric vehicle for ride-hailing,â and will go into production in the fourth quarter of 2023, the companies said.
Uber plans to be a fully electric mobility platform in London by 2025, and across North America and Europe by 2030. The company has raised more than 135 million pounds ($188 million) to help its drivers in London upgrade to an electric vehicle by 2025.