Hyundai and Kia bet on London start-up for electric cars

Dawn | Jan 16, 2020 at 2:41 PM
  • South Korea’s Hyundai and its Kia affiliate announced plans on Thursday for a major investment in London-based start-up Arrival to produce next generation electric vehicles that cost less than standard engine models.
  • Arrival is focused on designing and producing so-called Generation 2 electric vehicles.
  • Hyundai and Kia have a shared ownership structure but target slightly different markets and demographics.