Automakers

EV startup Arrival slashes workforce; names new CEO

Arrival has built test models and is due to launch production in 2022.
A full-electric delivery van from Arrival is pictured. (REUTERS)
R
By:
Reuters
January 30, 2023 02:21 PM

Arrival said it was laying off 50 percent of its employees in a move that will help halve its cash operating expenses, as the UK-based electric-vehicle startup tries to ride out a cash crunch threatening its survival in the competitive market.

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