Hyundai, Kia invest $110m in UK electric van startup Arrival

Hyundai, Kia invest $110m in UK electric van startup Arrival

REUTERS/Kim Hong-Ji

Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday.

Hyundai Motor Co and sister firm Kia Motors Corp are making an investment of 100 million euros ($110 million) in Arrival Ltd.

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