Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2021-12-06 23:17:32| Engadget

British-American vehicle manufacturer Arrival today announced it plans to establish an $11.5 million battery plant in Charlotte, North Carolina. The factory will be the companys third overall facility in the city. It will be located just steps away from its soon-to-be-complete North American headquarters. Once the plant is operational, it will supply batteries to the companys Van Microfactory, creating approximately 150 additional jobs. By bringing the assembly of our proprietary High Voltage Battery Modules in-house, were striving to be as vertically integrated as possible, Arrival CEO Mike Ableson said. This will enable us to have even greater control over the functionality and cost of our products and pass those cost savings on to the customer while also working toward our goal of zero waste production. The company told TechCrunch the facility should have a production capacity of up to 350,000 battery modules per year. Arrival has a lot riding on the success of its Van EV. In 2020, UPS ordered 10,000 electric trucks from the automaker, with the option to buy an additional 10,000 vehicles if everything goes well. The announcement comes on the same day Toyota said it would build a $1.29 billion battery plant in central North Carolina.


Category: Marketing and Advertising

 

Latest from this category

05.11Montreal doctors can now write patients a prescription for a symphony concert
04.11Software Buying Experiences Online: What Buyers Want From Sellers
04.11The Publishers Cited Most by AI Chatbots [Infographic]
04.11AI Is Reshaping ABM: How B2B Marketers Can Unleash Their Fullest Potential
04.11Why Fewer Registrations Might Mean Better Pipeline
04.11Tugging at heartstrings, Japanese convenience stores tearful stickers cut food waste
03.11Grupo Boticário tackles Gen Alphas skincare obsession with new product label
31.10AI Update, October 31, 2025: AI News and Views From the Past Week
Marketing and Advertising »

All news

05.11Afternoon Market Internals
05.11Europe's medical device makers hit by Trump tariffs
05.11US envoy flags UK drug pricing, energy costs
05.11China removes levy on some US farm goods, lifts export curbs
05.11US services gain in October even as jobs stay weak
05.11US services gain in October even as jobs stay weak
05.11Tesla shareholders will vote on whether to make Musk the worlds first trillionaire
05.11Google and Epic end their feud with a deal that changes how Android works
More »
Privacy policy . Copyright . Contact form .