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

31.01NVIDIA is still planning to make a 'huge' investment in OpenAI, CEO says
31.01Ayaneo's Pocket S Mini has the perfect aspect ratio for revisiting classic console games
31.01OnlyFans is reportedly in talks to sell a 60 percent stake to a San Francisco investment firm
31.01SpaceX wants to launch a constellation of a million satellites to power AI needs
31.01Blue Origin is pausing its space tourist flights to work on lunar landers for NASA
31.01How to turn on hypertension alerts on Apple Watch
31.01Highguard, a hyperpop arena shooter and other new indie games worth checking out
30.01NASA used Claude to plot a route for its Perseverance rover on Mars
Marketing and Advertising »

All news

01.02Budget 2026 comes at a precarious time for markets, says Radhika Gupta
01.02IFCI shares in focus after SEBI clears NSE IPO path
01.02Budget Day stocks: 10 picks for your watchlist & why analysts suggest a buy-on-dips strategy
01.0216 equity mutual funds deliver over 20% return since last budget. Do you own any in your portfolio?
01.02Fed's Musalem says no more rate cuts needed with policy now at neutral level
01.02Japan's Takaichi cites weak yen's benefits even as her government threatens intervention
01.02Jan 31, Stick to Your Goals: Persistence Strategies for New Leaders
01.02Indian markets likely to open higher ahead of Union Budget
More »
Privacy policy . Copyright . Contact form .