Tag Archives: Hyundai and Kia bet on London start-up for electric cars

South Korea’s Hyundai and its Kia affiliate announced plans on Thursday for a major investment in London-based start-up Arrival to produce next generation electric vehicles that cost less than standard engine models. The $110 million bet on the five-year-old technology firm comes as some manufacturers abandon Britain because of uncertainties about how it will trade with European Union nations once …

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