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

28.11Florida buyers are first to close on a home using AI, saving thousands in realtor fees
27.11Decathlon asks folks to shoot them an invite this Black Friday  for sports, not shopping
26.11SMB Landing Page Optimization Trends
26.11How to Turn a Branded B2B Podcast Into a High-Impact Revenue Engine
26.11With its new course, MasterClass reframes cybersecurity as a must-have skill for consumers
25.11The Top Frustrations B2B Buyers Have With Vendors
25.11How US Professionals Are Building Their Personal Brands [Infographic]
25.11Brand vs. Branding: Aligning Your Brand and Branding Builds Perception and Trust
Marketing and Advertising »

All news

30.11Leaves continue to plague South Shore Line with gooey residue
30.11'Debt stress is causing mental health problems'
30.11Tories urge financial regulator to investigate Reeves and Treasury over Budget build-up
30.11Reeves denies she misled public over UK's finances prior to Budget
30.11Ahead of Market: 10 things that will decide stock market action on Monday
30.11Out of money in no time
30.11Mum hosts free toy swap to help cut Christmas costs
30.114 tips to help you maintain a healthy credit rating
More »
Privacy policy . Copyright . Contact form .