• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Cars

Arrival aims to generate revenue off vans prior to working on buses, cars

by Meghana Kandra
August 5, 2022 - Updated On August 6, 2022
in Cars, Electric Vehicles
Reading Time: 2 mins read
0
Arrival (ARVL) to reportedly shelve Bus and Uber Car to cut costs and prioritize Van deliveries
TwitterWhatsappLinkedin

Arrival recently announced that it plans to cut one-third of its costs amid waning cash flow. The automaker plans to get ahead with its electric van first and then later work on buses and cars. The costs have resulted in the company making such decision changes.

You might also like

EV Industry Faces Reset Amid U.S. Policy Shake-Up and Slowing Demand

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

Kia EV5 Charges into the UK Market with Sleek Looks, Smart Tech, and Up to 329 Miles of Range

Arrival (ARVL) to reportedly shelve Bus and Uber Car to cut costs and prioritize Van deliveries
Image credits- Industry Week

Arrival is a seven-year-old EV start-up focused on urban-centric mobility, including an all-electric passenger Bus, a delivery Van, and a rideshare-specific Car designed alongside Uber. The company currently has headquarters in both London and Charlotte, North Carolina, but all of its R&D and design currently take place in the UK. That’s also where Arrival Van production will begin via the company’s unique micro factory approach.

Although Arrival’s Q1 report said Van and Bus production remained on track for 2022, the start-up, like many, has been met with financial woes due to a challenging economic environment around the globe, with rising interest rates and wavering stock markets. Since going public via the SPAC merger in March of 2021, the start-up’s stock has consistently fallen, leading to an announcement in July that it would be reorganizing its business to focus on Arrival Van production.

Production plans

Earlier, the company stated, “Arrival has proposed plans that include a realignment of the organization that would enable it to deliver business priorities until late 2023 primarily utilizing the $500M cash on hand. Arrival’s proposal includes a targeted 30% reduction in spending across the organization and anticipates that it could potentially impact up to 30% of employees globally.”

With nearly one-third of its 2,700 member staff around the globe potentially facing the chopping block, sources close to the start-up state that Arrival’s two EVs set to follow the Van will also be let go, at least for the immediate future.

A recent report from the Financial Times, the development of Arrival’s Bus and Car will also fall victim to the company’s business restructuring. According to the report, people close to the matter say the Arrival Bus will be put on hold, including UK trials with the prospective first customer, First Bus.

Also, Arrival’s rideshare-focused Car, which was being co-developed with Uber, will also be shelved. Its prototype was unveiled in late 2021 and was supposed to begin trials sometime this year. According to one of FT’s sources, the Car could resume development once the company begins generating revenue. Arrival’s hope for that to happen will now fall solely on its Van. Despite some of the hurdles mentioned above, Arrival appears on track to deliver its flagship Van this coming quarter, which should provide a vital lifeline in cash flow, especially with a whale-like UPS order in its book.

Credits- Electrek

Tags: Arrivalelectric busesElectric carselectric vansUPS
Tweet54SendShare15
Previous Post

Sensex, Nifty bounce back; RBI hikes repo rate

Next Post

Tesla shares robot hands giving a clue about Optimus Bot prototype

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

EV Industry Faces Reset Amid U.S. Policy Shake-Up and Slowing Demand

by Samir Gautam
July 14, 2025
0
EV Industry Faces Reset Amid U.S. Policy Shake-Up and Slowing Demand

The electric vehicle (EV) industry is undergoing a dramatic shift as automakers around the globe recalibrate their strategies in response to evolving market dynamics and a seismic policy...

Read more

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

by Samir Gautam
July 13, 2025
0
Nissan May Build Honda Trucks in U.S. Amid Struggles

In a surprising yet strategic turn, Nissan and Honda,  two of Japan’s biggest carmakers,  are reportedly in talks for a collaboration that could see Nissan building vehicles for...

Read more

Kia EV5 Charges into the UK Market with Sleek Looks, Smart Tech, and Up to 329 Miles of Range

by Samir Gautam
July 13, 2025
0
Kia’s EV portfolio continues to expand, and the EV5 is the newest entrant to join the electric SUV party in the UK. Nestled between the compact EV4 and the more performance-oriented EV6, the EV5 is designed to hit the sweet spot for families and city dwellers alike. With a striking exterior, sustainable interior materials, and solid electric performance, the EV5 aims to be more than just a placeholder in the brand’s electric journey. The EV5 will launch in the UK with one battery option: an 81.4kWh pack, delivering up to 329 miles of WLTP-certified range in the base 'Baseline' model and up to 313 miles in the mid-tier 'GT-Line' variant. Both versions are front-wheel-drive only. Powertrain and Charging Capabilities While Kia is keeping things simple (for now) with a single battery option, the EV5 doesn’t skimp on performance. The models revealed so far are FWD and optimized for efficiency. Power figures haven’t been fully disclosed yet, but expect punchy acceleration and smooth handling typical of the brand's electric models. What makes the EV5 especially practical for UK drivers is its 400V electrical architecture, which allows DC fast charging from 10% to 80% in roughly 30 minutes – or roughly the time it takes to watch an episode of The Office. Plug it into a 150kW charger and you're good to go in no time. Kia’s intelligent i-Pedal regenerative braking system also helps drivers maximize range with one-pedal driving, ideal for stop-start urban environments. Design: Sharp, Bold, and Boxy True to modern EV styling, the EV5 takes a bold leap forward with sharp lines, squared shoulders, and futuristic lighting signatures. The SUV embraces a boxier, more upright stance – a departure from the sleeker coupe-like profile of the EV6 – lending it a rugged, practical look that’s both urban- and adventure-ready. Expect a variety of vibrant colour options and distinctive alloy wheels across the trims, making this a head-turner on UK streets. Inside: Sustainable Luxury Meets Everyday Practicality Step inside the EV5 and you’re greeted by an airy, tech-focused cabin designed with both comfort and sustainability in mind. A seamless panoramic display stretches across the dash, combining the infotainment and instrument cluster into one fluid unit. There’s also generous cabin space, enhanced by clever packaging and flat-floor architecture. Kia has used eco-friendly materials throughout the cabin, including recycled fabrics and plant-based leathers. Add in massage seats, ambient lighting, and more storage than your average Zone 1 London flat, and you’ve got a space designed to both relax and impress. The Upcoming GT Variant While the Baseline and GT-Line trims are confirmed, Kia has teased a third, range-topping EV5 GT variant. This high-performance edition will feature all-wheel drive and a sportier character, but beyond that, details remain scarce. Expect it to arrive with beefed-up power figures, likely mirroring the punchy GT performance we’ve seen in the EV6 GT. Final Thoughts The Kia EV5 is shaping up to be a well-rounded electric SUV that offers strong range, thoughtful design, and innovative tech. With prices yet to be confirmed and the GT variant still under wraps, there's more to come – but based on what we’ve seen, the EV5 is a compelling new option for anyone looking to go electric in 2025. Keep an eye on Kia’s UK site for updates and bookings later this year.

Kia’s EV portfolio continues to expand, and the EV5 is the newest entrant to join the electric SUV party in the UK. Nestled between the compact EV4 and...

Read more
Next Post
Tesla's Optimus Bot hands may be a clue

Tesla shares robot hands giving a clue about Optimus Bot prototype

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?