Arrival has decided to delay the arrival of its first electric car. The young British company will delay the start of development tests not only of its first car, but also of its electric bus. The project has been temporarily stopped until the company improves its economic situation.
These are not good times for Arrival. The young British company specialized in 100% electric mobility is facing numerous economic problems. Some problems that have led him to make a drastic decision regarding his expected production electric vehicles. Arrival of Arrival’s first electric car has been delayed.
The middle Financial Times
has had access to important information that highlights the challenges the company is dealing with. Arrival’s shares have plummeted as much of investors decide to jump ship because the company fails to generate profits despite the liquidity that has been injected.
Arrival delays tests of its bus and electric car
The company has decided to delay the tests of its electric bus and car projects under the premise of reducing costs and, for the time being, to focus on the production of its van. According to the recently published report, Arrival has not put an end to the development of the bus or the car. In the specific case of the electric car, the idea is to resume it when income starts to be generated based on the results.
It is expected that next September Arrival will be in a position to make a more specific decision regarding the future of its electric car. After making this information public, the company did not want to comment. Recall that in July it was confirmed that Arrival would carry out a significant cut of 30% of its workforce.
The adjustment will make it possible to manufacture the aforementioned van, but it will affect the time frames established for the rest of the projects. The economic situation has forced prioritization.
An electric car designed together with Uber
Let us remember that the Arrival’s first car has been designed together with Uber. The original plans are to start serial production sometime in the second half of 2023. Now it remains to be seen whether or not it will be necessary to adjust that date.
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