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

22.022026 Olympics: How to watch the Winter Games Closing Ceremony today
21.02The Stop Killing Games campaign will set up NGOs in the EU and US
21.02The US will send Tech Corps members to foreign countries in its latest push for AI dominance
21.02A judge ruled Tesla still has to pay $243 million for a fatal crash involving Autopilot
21.02How to know if an AirTag is tracking you
21.02Engadget review recap: Sony WF-1000XM6, ASUS Zenbook Duo and more
21.02An old-school Zelda-like, Skate Bums and other new indie games worth checking out
20.02Xbox head Phil Spencer is leaving Microsoft
Marketing and Advertising »

All news

22.022026 Olympics: How to watch the Winter Games Closing Ceremony today
22.02REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande
22.02AI can tank teams critical thinking skills. Heres how to protect yours
22.02To protect their businesses, corporate leaders need to speak out about the events in Minnesota and beyond
22.02Why the greatest risk of AI in higher education is the erosion of learning
22.02Key social issues identified in charity report
22.02M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers
22.02IPO frenzy returns!
More »
Privacy policy . Copyright . Contact form .