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Hyundai, Kia and Arriva to Develop Electric Commercial Vehicles

Auto News - Published on Thu, 23 Jan 2020

Image Source: Hyundai Kia Arriva EV
Hyundai Motor Company and Kia Motors Corporation announced a strategic investment of EUR 100 million in a new partnership with Arrival, a UK-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, 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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Posted By : Arun Huidrom on Thu, 23 Jan 2020
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