1:36:34 AM PST - Thursday, January 23rd, 2020

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd  

By Editor - Wed Jan 15, 11:25 pm

Hyundai Motor Co and sister firm Kia Motors Corp are making the investment of 100 million euros ($110 million) in Arrival Ltd. Founded in 2015 and based in London, Arrival has developed a boxy, futuristic-looking shuttle bus aimed at the commercial delivery market. In a statement, Arrival said it will work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market.

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Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

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