The $8bn EV firm you’ve most likely by no means heard of

Arrival might be probably the most invaluable electrical car firm you have by no means heard of. Based within the UK and listed on the US Nasdaq stockmarket, it’s price $8bn (£5.7bn). But it is not making automobiles, it’s specializing in industrial automobiles – vans, buses and taxis.

Instead of organising large factories to construct as many automobiles as shortly as potential and ship them world wide, Arrival plans to arrange small, so-called micro-factories to construct merchandise near the place they will be offered.

Reporting by Theo Leggett and video enhancing by Peter Page

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