Tag Archives: Automotive industry

It signed agreements in principle with the likes of Royal Mail and Travis Perkins to supply its flagship 7.5-tonne electric trucks, which were set to … Source link

After the debacle of solar panels, moreover, the EU has good reason to worry. Having stolen the original technology from Germany, China now dominates the global market for solar energy. Nobody else gets a look in. But though late to the party, the EU, the US, and even the UK …

Arrival was launched by Russian entrepreneur Denis Sverdlov and was largely self-funded from his personal $500m venture fund Kinetik until investment in 2020 by BlackRock and Fidelity. Sverdlov had founded several internet companies in the 2000s, before briefly becoming deputy communications minister under Vladimir Putin’s prime minister Dmitry Medvedev in …

The UK-based electric van maker Arrival has secured an £85m investment from South Korean car firms Hyundai and Kia – a cash injection which values the business at £3bn, defying the struggles of the British automotive industry. The money will be used by Arrival to fund the next stage of …

As the British automotive industry endures its worst period in almost two decades, it might not seem like a good time to open a new van factory. Investment has come to a virtual standstill as the prospect of a no-deal Brexit looms and commercial vehicle production has plunged by a …