Hyundai and Kia to co-develop electric commercial vehicles
17 Jan 2020|1,005 views
Hyundai Motor Company and Kia Motors Corporation have announced a strategic investment of $148 million in a new partnership with Arrival, a U.K.-based electric vehicle startup.
Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics for on-demand ride-hailing and shuttle service companies. Arrival's scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles.
The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles and accelerate the brands' transformation from car makers to clean-mobility providers.
Hyundai Motor Company and Kia Motors Corporation have announced a strategic investment of $148 million in a new partnership with Arrival, a U.K.-based electric vehicle startup.
Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics for on-demand ride-hailing and shuttle service companies. Arrival's scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles.
The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles and accelerate the brands' transformation from car makers to clean-mobility providers.
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