Hyundai and Kia sign £85m electric vehicle deal with UK startup Arrival


 

Hyundai Motor Company and Kia Motors Corporation have announced a “strategic investment” of €100m (£85m) in a new partnership with Arrival, a UK-based electric vehicle startup. The automotive giants plan to introduce competitively priced small and medium-sized electric vans and other products for logistics and other service companies. Arrival’s scalable electric platform can be adapted for multiple vehicle categories and types which the three companies will explore for the development of a range of Purpose Built Vehicles (PBV). The partnership […]