Kia and Hyundai invest £85m in UK EV start-up

clock
Arrival's first product is an electric van that will focus on urban delivery. Credit: Arrival
Image:

Arrival's first product is an electric van that will focus on urban delivery. Credit: Arrival

The investment follows Kia's recent launch of a $25bn strategy intended to make it a leader in electric vehicle and mobility services.

South Korean auto giants Hyundai and Kia have invested £85m in electric van maker Arrival, making the electric vehicle (EV) innovator one of the UK's most valuable start-ups, the firms announced yesterday....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Transport

We need to get serious about speeding up the switch to sustainable aviation fuel

We need to get serious about speeding up the switch to sustainable aviation fuel

The government must act now to scale power-to-liquid fuels that would allow the aviation industry to reduce their emissions, while long-term solutions are in development, argues Green Alliance's Helena Bennett

Helena Bennett, Green Alliance
clock 12 May 2022 • 4 min read
Credit: ZeroAvia

ZeroAvia and Shell ink deal to get airport hydrogen supply off the ground

Oil and gas giant to support delivery of the infrastructure needed for ZeroAvia's zero emission test flight programme

clock 10 May 2022 • 2 min read
Study: How corporate air travel policies are jeopardising climate goals

Study: How corporate air travel policies are jeopardising climate goals

Transport & Environment warns majority of UK businesses are failing to disclose or reduce their air travel emissions, as separate study warns airlines are routinely missing their climate targets

Cecilia Keating
clock 10 May 2022 • 4 min read