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

09.01Lumus brought a massively wider FOV to smartglasses at CES 2026
08.01Handwriting is my new favorite way to text with the Meta Ray-Ban Display glasses
08.01IXIs autofocusing lenses are almost ready to replace multifocal glasses
08.01Razer put a waifu in a bottle at CES 2026
08.01YouTube will let you exclude Shorts from search results
08.01Hands-on with Fender Audio's headphones and speakers at CES 2026
08.01Emerson Smart brings offline voice control to lamps and fans
08.01Engadget's best of CES 2026: All the new tech that caught our eye in Las Vegas
Marketing and Advertising »

All news

09.01Iran Protests: From 1979 Islamic Revolution to the current rial crisis, a look at Irans long history of street protests
09.01Oil rises as concerns about supply disruptions in Venezuela, Iran increase
09.01Negative Breakout: These 11 stocks cross below their 200 DMAs
09.01Asian stocks edge up before US jobs data, tariff ruling
09.01CVC Capital Partners leads race to buy ValueLabs at $11.2 billion valuation
09.01Electronics stocks need a spark of profit for D-St vibe
09.01More businesses call to be included in pub rates backtrack
09.01Rupee gives up gains as tariff worries blunt RBI's moves
More »
Privacy policy . Copyright . Contact form .