Mirror Finish Polishing ~ 1-816-529-6089 ~ sales@mirrorfinishpolishing.com ~ mirrorfinishpolishing.com For the best rate on home, auto, life or business/commercial insurance call me at 888-959-0955, cell 636-734-1310 or bricehazelwood@weiss-ins.com. Never Done Garage - donewhenimdead.com Peerless Automotive Reconditioning - 1155 W. Dennis Ave, Olathe Ks, 66061 - 913-893-1201 Mark H. Epstein ~ The Epstein Law Firm, LLC ~ 913-396-5123 Wilkes Automotive ~ wilkesautomotive.com ~ 246 Marion St, Olathe, KS 66061 ~ 913-254-7171 Skandalous Inc ~ www.skandalousinc.com DIY Auto Repair Inc ~ www.diyautorepairkc.com ~ 11509 Strangline Rd, Olathe KS 66062 ~ 913-226-3806 Your advertisement here! The Law Offices of Jeremiah Johnson, LLC ~ 104 E. Poplar, Olathe, KS 66061 ~ (913)764-5010 ~ www.kcatty.com - www.johnsoncountydui.com ~ jeremiah@kcatty.com Santa Fe Body, Inc ~ 8717 Lenexa Drive, Overland Park, KS 66214 ~ (913) 894-6090 House of Boost LLC Nude? HouseofHID.com - The #1 source for HID The Print Shop KC 816.200.6694 or Ryan@RMD-Photography.com the art of tyleR ~ http://tyleR.bigcartel.com ~ TYLERcoey.com ~ MUTTtoy.com ~ MUTTtoy@gmail.com W-K Chevrolet Buick Pontiac Cadillac GMC ~ 3310 W. Broadway, Sedalia, MO 65301 ~ 800-382-5088 ~ Cell 660-553-8928 ~ dustin@wkchevy.com ~ www.wkchevy.com

Go Back   KCSR - THE Kansas City Forum > Automotive Forums > The Automotive Lounge

Reply
Thread Tools
Unread 2020-01-16, 04:42 PM   #1
JDLM
Administrator
 
Join Date: Feb 2004
Location: Olathe
Posts: 177,349
Post Thanks / Like
Default Hyundai And Kia Drop $111 Million Into EV Startup

To Build Electric Commercial Vehicles






Hyundai and Kia are investing $111 (£85 / €100) million into British electric vehicle startup Arrival.

In return for their investment, the automakers will get access to Arrival’s scalable skateboard platform. It will be used to underpin future Purpose Built Vehicles which were recently touted during Kia’s Plan S mid- to long-term strategy.
Hyundai and Kia didn’t say much about the PBVs, but noted they will “introduce competitively priced small and medium-sized electric vans” as well as “other products for logistics, on-demand ride-hailing and shuttle service companies.” All of the models won’t necessarily be vans either as Hyundai and Kia noted the platform can be adapted for multiple vehicle categories and types.


It remains unclear when these vehicles will hit the streets, but Hyundai and Kia said they will be built in volume and based on Arrival’s platform. The latter is billed as a “cost-effective base which incorporates a battery pack, electric motor and driveline components.”
The partnership appears to be primarily focused on Europe where there has been growing demand for eco-friendly commercial vehicles. There’s no word on whether or not the vehicles could be offered elsewhere, but the automakers said their PBVs will be aimed at European logistics companies as well as mobility firms that provide on-demand ride-hailing and shuttle services.
Electric vans have seen a lot of interest from online retailers and delivery firms. In particular, Amazon invested in Rivian and then placed an order for 100,000 vans. Arrival has also been working with UPS since 2016.
In a statement, Hyundai Motor Group’s Head of Research and Development, Albert Biermann, said “The eco-friendly vehicle market in Europe is expected to grow rapidly due to the introduction of further environmental regulations. Through the joint development of electric commercial vehicles with Arrival, we will be able to gain a competitive advantage and progressively establish our leadership in the global eco-friendly vehicle market, with Europe at the forefront.”

__________________


B68 | F82 |///M | S55B | NAV | LED | Avant Garde | Toyo Proxes 4
JDLM is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

 

All times are GMT -5. The time now is 10:03 PM.


Design By: Miner Skinz.com
Powered by vBulletin® Version 3.13.37
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Copyright (c) 1993-2012, KCSR.org