UPS has helped with the design of Arrival’s electric vans and has made a firm order for 10,000 of the €40,000 electric vans. A British electric van start-up has taken its first big order, for 20,000 zero-emission light commercial vehicles worth €800 million, from the delivery company UPS. The order was hailed by Arrival, a business set up by a Russian billionaire and based in west London and Banbury, as a big boost for a company that has not yet built its factory. The news was a ray of light for a British motor industry stuck deep in recession. Mike Hawes, chief executive of the SMMT industry body, called the numbers “gravely concerning”.

Source: The Times January 30, 2020 00:02 UTC