Disruptive:
One has to read to the very end of the long article to come to the penultimate paragraph:
This month the company said it would only deliver about 20 vans this year, down from forecasts of 400 to 600 in May and more than 10,000 at the time of its SPAC deal.
[It seems the SEC should be interested.]
The latest delay is partly due to an effort to conserve cash, including by pushing back plans for a second microfactory in Charlotte, N.C. The company said last month that it could lay off three in 10 employees globally as part of a restructure.
The last paragraph:
Arrival’s big production ramp is slated to begin next year. The pattern of other EV startups, from Tesla to Rivian and Lucid, is that this phase causes unexpected problems and costs. Arrival is running out of charge even before it hits the hills.
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