UPS orders 10,000 EV delivery vehicles from Arrival

in ups •  4 months ago 

UPS orders 10,000 EV delivery vehicles from Arrival (Press Release)

  • The global distribution company UPS has committed to purchase 10,000 electric powered delivery vehicles from UK based Arrival
  • The delivery vans have been jointly developed specifically for the company
  • The order value is estimated at c. £340m and the vans will be delivered progressively over the next 4 years
  • UPS has an option to purchase another 10,000 vans, in addition to the first order.

Analysis and Comments

  • It's interesting to see that the order has gone to a new start up (Arrival was founded 2015) rather than one of the established OEM’s.
  • As well as placing this large order UPS has also taken an undisclosed stake in Arrival. This follows a larger stake taken by Kia & Hyundai earlier in the year.
  • As with its passenger car “peer” Tesla, Arrival does not use a production line approach, with the vans instead being robotically built on an island system, with all parts being modular.

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