This Electrification of the automotive industry Many companies have been allowed to access it. But getting a foothold in such a fragmented industry is not easy, and there are very strict barriers to entry. So much so that even today, Tesla must continue to prove that he has earned his place, and what he has experienced is no luck. As a result, some manufacturers are putting their future on the brink of a very, very high cliff.

Arrival is one of those companies that dreams of gaining a foothold in this complex space. If you don’t remember her, last December 2021 we told you what her future plans were.However, fate is capricious, because it seems Its viability as a company will hang in the balanceWhy: All that said, the economic crisis engulfing half the world has caused some imbalances in its balance sheet…

Arrival will still maintain production of its electric van…it should arrive in the fall…

Arrival car prototype 13

In case you don’t know, Arrival’s journey started with a listing on the U.S. stock exchange. But the economic media also responded with a small question: Its stock price will fall by 90%As a result, their capital is diluted and they have little liquidity to face their day-to-day activities.It was the Financial Times responsible for sounding the alarm, although previously German bank Berenberg warns of the situation.

Arrival will have between $150 million and $250 million in cash by the end of the year, according to the bank and the Financial Times.So if you want to stay active, you will have to Find a source of funding that can help her make ends meet. But if they can’t find that mobility, part of their workforce is at risk, but the biggest problems will come from the projects they have on the table. Most Important: Co-developed with Uber…

related articles:

Arrival Car: The Perfect Electric Utility Vehicle for the World’s Big Cities

We’ve already told you about the project: arrival car. This is about a shared vehicle company in Uber driverAt first, it was expected to see the light sometime in 2023, but after this news, its viability was still up in the air.Even so, the British company said its The first electric van It will be available in the time they plan: Fall 2022.

to achieve this goal their factory Bicester (Oxfordshire) There will be a flexible assembly line system. That is, the usual assembly lines are replaced by flexible manufacturing cells that can switch processes according to tasks. under any circumstances, Arrival has not officially said what its financial position is So we’re going to have to be very careful and wait…

Fuente – Financial Times