Arrival SA said in November it did not have the resources to continue operations for another year. And then it became known about a quarterly loss of $310.3 million. That reports Bloomberg.
The main asset of the manufacturer was to be a platform for the modular assembly of new generation electric cars. The special thing is that production facilities can be quickly deployed anywhere in the world. But something went wrong.
In July, the company stopped further development of an electric car and an electric bus and also reduced its workforce by a third. The plans left only the creation of the first electric van, for which some 10,000 orders have already been collected. However, this task can also become unsolvable.
Arrival SA said in November it did not have the resources to continue operations for another year. And then it became known about a quarterly loss of $310.3 million. That reports Bloomberg.
The main asset of the manufacturer was to be a platform for the modular assembly of new generation electric cars. The special thing is that production facilities can be quickly deployed anywhere in the world. But something went wrong.
In July, the company stopped further development of an electric car and an electric bus and also reduced its workforce by a third. The plans left only the creation of the first electric van, for which some 10,000 orders have already been collected. However, this task can also become unsolvable.
Source: Avto Vzglyad
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