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

30.12How to watch the Hisense CES 2026 presentation live
30.12Samsung unveils its new $200 Galaxy A17 5G smartphone, arriving in January
30.12Netflix has released a trailer for the Stranger Things finale
30.12Meta buys startup known for its AI task automation agents
30.12TCL introduces its own take on a color Kindle Scribe
30.12How to watch the NVIDIA CES 2026 presentation live
30.12The Morning After: What to expect at CES 2026
30.12LG to unveil a canvas-style TV at CES 2026
Marketing and Advertising »

All news

30.12Bull Radar
30.12Bear Radar
30.12Stocks Slightly Lower into Final Hour on Higher Long-Term Rates, Geopolitical Tensions, Year-End Positioning, Biotech/Alt Energy Sector Weakness
30.12Mid-Day Market Internals
30.12Tomorrow's Earnings/Economic Releases of Note; Market Movers
30.12Judge rules White House must continue to fund CFPB
30.12December interest rate cut was a close call for some Fed officials, minutes show
30.12How to watch the Hisense CES 2026 presentation live
More »
Privacy policy . Copyright . Contact form .