Read moreElectric car company Arrival plans to restructure its business and refocus on the U.S. market

(Dow Jones Newswires) Oct. 21 — Electric car company Arrival will refocus its resources on the U.S. market while further advancing its technology, the company said Thursday local time. The company said the decision was driven by tax breaks recently announced as part of the Inflation Reduction Act, as well as addressable market size and the potential for better margins. Arrival said it will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers. (Interface)

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