Stefan Mileschin

In 2018, fledgling EV maker Arrival partnered with UPS to build a new generation of electric delivery vans, beginning with a pilot fleet of 35 vehicles, for use in both the US and Europe. The company quickly expanded its scope from there, working on plans for an electrified bus, an EV rideshare vehicle for Uber and an $11.5 million battery plant. However, on Thursday the company abruptly announced that it has decided to shutter its bus and automotive projects to instead "refocus its resources on the US market while further advancing its enabling technologies."

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