Bankrupt EV startup Arrival sold its assets to Canoo

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Bankrupt EV startup Arrival sold its assets to Canoo

Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes toward commercial production. Canoo […]

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Bankrupt EV startup Arrival sold its assets to Canoo

2024-03-26 08:03

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