Arrival - ARVL STOCK NEWS

Arrival (NASDAQ: ARVL) will report its third-quarter financial results for the period ending September 30, 2021, on November 8, 2021, after U.S. market close. A live webinar to discuss the results will be held at 4:30 p.m. Eastern Time and will be accessible on the Company’s website. Founded in 2015, Arrival aims to revolutionize the electric vehicle market with affordable, zero-emission vehicles produced in local Microfactories, thus supporting global sustainability goals.

Arrival (NASDAQ: ARVL) has been selected by the UK Government to showcase its innovative electric vehicles at the Global Investment Summit on October 19, 2021, highlighting its commitment to sustainability. The event will gather prominent leaders and investors, with Arrival featured as one of the ‘Green Dozen’ companies. President Avinash Rugoobur will participate in a panel discussion, emphasizing the growing demand for sustainable mobility solutions. This recognition positions Arrival as a key player in the UK’s green technology sector and supports its mission to transform EV manufacturing through local Microfactories.

Arrival (NASDAQ: ARVL), a leader in affordable electric vehicle production, announced that President Avinash Rugoobur will present at the BofA European Autos and Future Car Conference 2021 on September 30 at 8:00 am ET/1:00 pm BST. The event will highlight Arrival’s unique Microfactory production method aimed at achieving sustainable, zero-emission vehicles. Founded in 2015, Arrival's mission focuses on enhancing air quality through local production and innovative technology. Interested parties can access the event via the Investor Relations section of the company's website.

Arrival (NASDAQ: ARVL), a leader in affordable electric vehicle production through local Microfactories, will present at two upcoming virtual investor conferences. The Deutsche Bank dbAccess IAA Cars Conference is scheduled for September 7 at 9:00 am ET, followed by the Cowen Global Transportation & Sustainable Mobility Conference on September 9 at 8:40 am ET. Webcasts of both events will be available on the company's Investor Relations website. Founded in 2015, Arrival aims to revolutionize transportation with sustainable and equitable zero-emission vehicles.

Arrival (NASDAQ: ARVL) reported a significant increase in non-binding orders and letters of intent (LOIs) to approximately 59,000 vehicles. The company completed the redemption of public warrants, generating gross proceeds of around $141 million. Key partnerships with Microsoft and others are expected to enhance their EV offerings. Despite a second quarter EBITDA loss of €29 million, up from €12 million in the same period last year, Arrival's cash position remains strong at €445 million. The company is advancing its production capabilities with new microfactories and is set to commence public road trials in early 2022.

Arrival (NASDAQ: ARVL) has appointed John Wozniak as Chief Financial Officer, effective August 23, 2021. Wozniak, formerly with Motorola Solutions, brings extensive experience in finance operations and corporate accounting. He will lead Arrival's financial organization as the company expands globally. Wozniak succeeds interim CFO Tim Holbrow, who remains in a senior finance role. CEO Denis Sverdlov emphasized Wozniak's alignment with Arrival's mission to revolutionize the electric vehicle sector and highlighted Holbrow's contributions during the transition to public company status.

Arrival, a technology company specializing in electric vehicles, announced a collaboration with Microsoft to co-develop digital fleet capabilities using Microsoft Azure. This initiative aims to standardize the management of vehicle data, enhancing data sharing across stakeholders, including OEMs and logistics firms. The partnership will facilitate a unified data platform, improving vehicle design and fleet logistics. President Avinash Rugoobur emphasized the need for standardized data management in delivering zero-emission mobility solutions. Microsoft expressed optimism about this collaboration's potential in the automotive industry.

Anaheim Transportation Network (ATN) has secured a $2 million grant from the Federal Transportation Administration to replace LNG buses with Arrival's zero-emission electric buses. This initiative aims to establish California’s first all-electric bus fleet by 2025, enhancing environmental sustainability in Orange County. The project will not only procure five battery-powered buses but will also promote workforce development through community college partnerships. Arrival's innovative Microfactories will manufacture these buses in South Carolina, supporting local economy and sustainability efforts.

Arrival (NASDAQ: ARVL) will report its financial results for Q2 2021 on August 12, 2021, before U.S. market open. A live webinar will be held at 8:00 a.m. ET, accessible on the company's website. Furthermore, Arrival is notifying public warrant holders that all outstanding public warrants from its merger with CIIG Merger Corp. will be redeemed. Warrant holders have until 5:00 p.m. ET on July 19, 2021, to exercise their warrants. Arrival aims to transform the automotive industry with its innovative electric vehicle manufacturing approach and is establishing four Microfactories in the U.S. and Europe.