Kia & Hyundai invest in electric-van Start Up, Arrival - Y-mobility

As the autonomous vehicles landscape is rapidly evolving on a daily basis worldwide, it is evident that more and more major Automotive giants are entering the market. The transport revolution has not left these major players "unmoved" investing significantly into new technologies; collaborating with government and policy makers; and with brands working closer together than ever before across different sectors. With this in mind, it was interesting to see that the automotive market the past 2 weeks has been focused on a major investment by one of the industry's biggest players. KIA and Hyundai announced on the 16th of January that they will be investing 100 million euros in Arrival. The big investment signals the beginning of a strategic partnership between the 2 automotive makers and the start-up with a common goal to jointly accelerate the adoption of commercial electric vehicles globally.