The U.S. EV startup Canoo earlier this week announced that it had acquired “a substantial portion of the advanced manufacturing assets” formerly owned by the U.K. startup Arrival for “pennies on the dollar.” The assets acquired by Canoo from the failed startup include robots, control equipment, and dynamic vehicle testing... Will the remains of EV startup Arrival help keep Canoo alive?
The U.S. EV startup Canoo earlier this week announced that it had acquired “a substantial portion of the advanced manufacturing assets” formerly owned by the U.K. startup Arrival for “pennies on the dollar.” The assets acquired by Canoo from the failed startup include robots, control equipment, and dynamic vehicle testing...