. 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 US 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 US 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 commercial vehicles, [a] large addressable market size, and substantially better margins." Unfortunately, the company will have to "right size" the UK workforce, as in layoffs.
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Do the my have air conditioning? Because it’s just cruel not to.