Hyundai and Kia investing £100 million into Arrival back in 2020 looks like money down the drain as the British EV firm continues to sink – to the point that it’s now threatened with delisting from the Nasdaq stock exchange.
Or is it? At the CES tech show in Las Vegas last week, Kia impressed with a line-up of modular electric vans whose promised construction methods looked very familiar.
The Korean company is proposing that its so-called PBV (for Purpose Built Vehicle) commercial range, due from 2025, can be built globally in microfactories in a way very similar to that proposed by Arrival.