Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles
Green Car Congress
JANUARY 16, 2020
Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). Of the total investment, Hyundai will contribute €80 million; Kia €20 million.