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Andrew J. Hawkins
Arrival announces its own Brexit.

The cash-strapped EV startup just announced it would be winding down its UK operations in favor refocusing its business in the US. The main reason is the Inflation Reduction Act’s tax credit rules requiring EVs to be made in the US. It’s unclear how far the company will go with only $330 million of cash on hand and its stock price in the gutter. Better get cracking!


Arrival to Focus its Unique Technologies on the US Market | Arrival SA

[Arrival SA]

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