SMART MOBILITY
48 strategic cooperation with an innovative partner and secure access to the promising QuantumScape battery technology for Volkswagen .”
Commercial EV tech company Arrival is set to put its foot on the global expansion pedal after receiving an $ 118m funding boost from BlackRock . In a website statement , the firm said the funding will enable it to “ ramp up ” growth plans including the launch of Arrival ’ s first US microfactory in South Carolina – a move it describes as “ transformative ” as it will cut production costs and shipping emissions . The $ 46m site aims to start production in Q4 2021 .
FEBRUARY 2021