Bankrupt EV Startup Arrival Sells Assets to Canoo
The bankrupt commercial electric vehicle (EV) startup Arrival has sold some of its assets, including advanced manufacturing equipment, to Canoo, another struggling startup in the EV space. Canoo’s acquisition of these assets, which was framed as a cost-saving measure to reduce capital expenditures by 20%, is aimed at aiding Canoo’s efforts to progress from prototype development to commercial production of electric vehicles. Devamını Oku