Earlier this month at the Commercial Vehicle Show at the NEC in Birmingham, T&BB spoke to Greg Ethridge, the Chief Financial Officer of American EV manufacturer, Canoo Inc who confirmed that the company had indeed purchased manufacturing assets (robotics and machinery equipment) from now defunct, Arrival Ltd. The manufacturing assets are set to be shipped by sea to the Canoo manufacturing facility in Oklahoma City, in the U.S.A.

T&BB has been in contact with the accounting firm, Ernst & Young (EY) who is handling the administration process.

Valued at GBP 9 billion just three years ago, it has been a tumultuous time for the OEM, whose shares were delisted from the Nasdaq stock market on January 30, 2024, due to non-compliance. With 400 jobs at risk, the business will now look to sell off any and every asset it can, in order to pay back its creditors.

Arrival confirmed that it had received a stock trading suspension notice from the Nasdaq Stock Market LLC on January 26. The news sent the company’s share price down 15% on Monday the 29th of January with trading completely suspended on January 30, 2024.

The company has announced it is set to receive a USD 283 million cash injection after a merger with New York-based special-purpose acquisition company (SPAC), Kensington Capital Acquisition Corp.

Arrival has produced its first production van to verify its production processes using in-house technologies at its factory in Bicester, UK.

A new light-duty e-van of NASDAQ-listed start-up, Arrival, has recieved whole vehicle type approval from the European Union.

Arrival Ltd, based in Luxembourg, has announced that its Arrival Bus has received European Whole Vehicle Type Approval, paving the way for its vehicles to carry passengers on roads in the UK and Europe.

Arrival has announced the start of proving ground trials for its battery electric Arrival Bus.

Electric van, bus and micro-factory developer, Arrival, has appointed Hitachi Europe to help deliver complete fleet bus and infrastructure solutions to the European bus industry.

Electric vehicle manufacturer, Arrival, has engaged the technology services of Ambarella Inc of Santa Clara, California to offer autonomous driving and ADAS functions in its electric bus and van concepts.

Electric van and bus manufacturing start up, Arrival Ltd of London, UK, on 24 March 2021 completed its previously announced merger with CIIG Merger Corporation of New York, NY, USA to become a publicly listed company trading on the Nasdaq Global Select Market with its ordinary shares and warrants listed under the new ticker symbols ‘ARVL’ and ‘ARVLW’, respectively.