Arrival said it was laying off 50 percent of its employees in a move that will help halve its cash operating expenses, as the UK-based electric-vehicle startup tries to ride out a cash crunch threatening its survival in the competitive market.
The move underscores the pressure on EV startups that had promised to disrupt the automotive industry but are now scrambling to slash costs in the face of supply chain issues and steep raw material prices.
High demand for electric vans has…
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