. However, on Thursday the company abruptly announced that it has decided to shutter its bus and automotive projects to instead"refocus its resources on the US market while further advancing its enabling technologies."
In a press release Thursday, the company stated that"scaling production in the Bicester [UK] microfactory requires significant further investment in hard tooling and working capital and the Company has determined that the benefits of such an investment would be best directed to the U.S. market." As such, the company will restructure and focus its efforts on the Van and the underlying tech that makes it run.
Arrival cites the U.S. EV tax credit as a major influence on its decision, noting that the Inflation Reduction Act is,"expected to offer between $7,500 to $40,000 for
Hmmm...needs to be more boxier
Great work peace.. How many people can it carry...