Hyundai and Kia back UK EV start-up Arrival

Hyundai Motor Company and Kia Motors Corporation today announced a strategic investment of €100 million (about £85 million) in a new partnership with Arrival, a UK-based electric vehicle startup. Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics and on-demand ride-hailing and shuttle service companies.