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 ). Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.
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