UK electric van maker Arrival secures £85m from Kia and Hyundai

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Investment from Korean giants means startup is valued at £3bn, giving it ‘unicorn’ status

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Another despite BREXIT story.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines