Arrival slashes production targets to just 20 EV vans as par

Arrival slashes production targets to just 20 EV vans as part of restructuring – TechCrunch

Arrival, the U.K.-based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. The company, which reported Thursday widening losses for the second quarter, said it no longer expects to generate revenue in […]

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