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

30.12LG to unveil a canvas-style TV at CES 2026
29.12NASA finally has a leader, but its future is no more certain
29.12How to watch the LG CES 2026 press conference
29.12Co-founder of CD Projekt Michał Kiciński has acquired GOG, the company's game storefront
29.121Password deal: Get 50 percent off plans for the holiday season
29.12Samsung plans to integrate Google Photos into its TVs
29.12How to watch the Sony Afeela CES 2026 press conference
28.12Apple escalates its appeal of a $2 billion fine from a UK antitrust lawsuit
Marketing and Advertising »

All news

30.12Financials, consumption and manufacturing to lead next market upcycle: Vikas Khemani
30.12A decade on from Wales' nuclear turbines falling silent
30.12India set to end 2025 on strong economic footing with high growth, low inflation: Govt
30.12Investing Smarter: Decoding Fundamental vs Technical Market Strategies
30.12India bonds tread water before hefty state debt sale
30.12MMTC shares decline 5% as gold, silver prices cool off from record levels
30.12Crypto market cap slips over 2%; Bitcoin near $87,000, Ethereum at $2,930 amid thin year-end volumes
30.12Tuesday Watch
More »
Privacy policy . Copyright . Contact form .