Arrival, the electric vehicle startup that made significant commitments in the Charlotte region, is bankrupt after years of financial struggles.
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The company announced this week that it filed for bankruptcy on May 16 in Luxembourg, where Arrival is based.
Arrival was declared bankrupt by a Luxembourg court on May 22. The disclosure came after Arrival sold its manufacturing assets in the U.K. and U.S. to Torrance, California-based Canoo Inc.
Read more on CBJ’s website here.
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