Arrival’s second planned factory in the US will be geared towards the production of 10,000 electric vans each year.
The deal will form the foundation of Volkswagen’s push into EV production in Europe.
The responsibility of building a global response to climate change rests on big business. Even those not involved in the energy sector must overhaul the way they operate to create a real change.
The partnership marks the manufacturer’s latest push to make a mark on the fast-growing electric car industry.
The world’s seventh-largest company by market cap delivered a relatively underwhelming sum in quarterly earnings.
QuantumScape announced strong performance figures for what could be a commercially viable solid-state lithium battery.
The chief executive expressed confidence in the progress of new technologies in the production of electric and automated vehicles.
Herbert Diess was removed from his position after clashing with key stakeholders and directors, for which he has now apologised.