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The Latest UPS Headlines
EV Upstart Arrival Plans $41 Million ‘Microfactory’ To Make Electric Vans For UPS
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<blockquote data-quote="cheryl" data-source="post: 4805213" data-attributes="member: 1"><p><a href="https://www.forbes.com/sites/alanohnsman/2021/03/17/ev-upstart-arrival-plans-41-million-microfactory-to-make-electric-vans-for-ups/" target="_blank"><strong>EV Upstart Arrival Plans $41 Million ‘Microfactory’ To Make Electric Vans For UPS - Forbes</strong></a></p><p></p><p>Arrival, a U.K.-based electric truck startup backed by Hyundai Motor and BlackRock, is planning a second U.S. “microfactory” that will make battery-powered delivery vans for UPS as the company also gets ready for a Nasdaq listing.</p><p></p><p>The new $41.2 million assembly facility will be set up in suburban Charlotte, North Carolina, where Arrival also has its U.S. headquarters, near Charlotte Douglas International Airport. It will employ about 250 people and be able to produce about 10,000 electric vans a year when it opens in late 2022. UPS, which has been testing Arrival vehicles in the U.K. and plans to <a href="https://www.forbes.com/sites/alanohnsman/2020/01/29/ups-jumps-into-the-future-with-plan-to-buy-10000-electric-vans-and-a-waymo-self-driving-delivery-pilot/?sh=652f763b5aa5" target="_blank">buy up to 10,000 units</a> for use in the U.S. and Europe, will likely be a primary customer, the company said.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4805213, member: 1"] [URL='https://www.forbes.com/sites/alanohnsman/2021/03/17/ev-upstart-arrival-plans-41-million-microfactory-to-make-electric-vans-for-ups/'][B]EV Upstart Arrival Plans $41 Million ‘Microfactory’ To Make Electric Vans For UPS - Forbes[/B][/URL] Arrival, a U.K.-based electric truck startup backed by Hyundai Motor and BlackRock, is planning a second U.S. “microfactory” that will make battery-powered delivery vans for UPS as the company also gets ready for a Nasdaq listing. The new $41.2 million assembly facility will be set up in suburban Charlotte, North Carolina, where Arrival also has its U.S. headquarters, near Charlotte Douglas International Airport. It will employ about 250 people and be able to produce about 10,000 electric vans a year when it opens in late 2022. UPS, which has been testing Arrival vehicles in the U.K. and plans to [URL='https://www.forbes.com/sites/alanohnsman/2020/01/29/ups-jumps-into-the-future-with-plan-to-buy-10000-electric-vans-and-a-waymo-self-driving-delivery-pilot/?sh=652f763b5aa5']buy up to 10,000 units[/URL] for use in the U.S. and Europe, will likely be a primary customer, the company said. [/QUOTE]
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