Skip advert
Advertisement

Kia and Hyundai invest in UK electric vehicle firm

British EV firm Arrival gets huge €100million cash injection from Kia and Hyundai

Korean car giants Kia and Hyundai have invested €100million into UK electric vehicle firm Arrival to create next-generation commercial vehicles.

Arrival, founded in 2015, designs and develops ‘Generation 2’ electric vehicles, something it classes as a ‘new product category that surpasses existing electric vehicles in cost, design and efficiency.’

Hyundai and Kia electric cars to get new platform

Advertisement - Article continues below

The investment from Kia and Hyundai kicks off a strategic partnership between the firms to accelerate the development of next-generation EVs. Kia recently announced it aims to introduce 11 fully electric vehicles in the next five years.

Kia and Hyundai will have access to Arrivla’s bespoke flexible skateboard platforms that will enable them to produce multiple vehicles across a range of segments. Arrival currently builds its Generation 2 EVs in small microfactories in areas of high demand, something Kia and Hyundai intend to make use of.

The commercial vehicle market will be one of first to adopt electric technology on a mass scale, says Arrival. The UK firm says its vehicles will cost the same, or less than, conventionally powered alternatives. 

Speaking about the partnership Hyundai’s R&D boss Albert Biermann, said: “The eco-friendly vehicle market in Europe is expected to grow rapidly. Through the joint development of commercial electric vehicles with Arrival, we will be able to gain a competitive advantage and progressively establish our leadership in the global eco-friendly vehicle market.”

Click here for our list of the best electric cars on sale right now...

Skip advert
Advertisement

Find a car with the experts

Skip advert
Advertisement

Recommended

Kia's new app turns your phone into a car insurance black box
New Kia EV3 - front cornering

Kia's new app turns your phone into a car insurance black box

Kia’s new app sends data to your insurance provider in order to receive usage-based premiums
News
25 Jun 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
New cars coming soon header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
23 Jun 2025
New Kia PV5 Passenger MPV gets a range boost before it’s even arrived
Kia PV5 Passenger - show front

New Kia PV5 Passenger MPV gets a range boost before it’s even arrived

Kia’s ID. Buzz rival can potentially go further on a single charge than first thought
News
18 Jun 2025
Best electric car deals: today's top discounts and incentives on new EVs
Best electric car deals - header image

Best electric car deals: today's top discounts and incentives on new EVs

Making the switch to an EV? These car brands have an offer (or two) for you
Best cars & vans
29 May 2025

Most Popular

Car Deal of the Day: 717bhp BMW M5 Touring super-estate on a tasty lease deal
BMW M5 Touring - front action

Car Deal of the Day: 717bhp BMW M5 Touring super-estate on a tasty lease deal

The BMW M5 Touring is M car royalty, with a thoroughly impressive PHEV powertrain. It’s our Deal of the Day for 29 June
News
29 Jun 2025
Range Rover Sport SV gets massive £35k price drop as it enters series-production
Range Rover Sport SV Black - front

Range Rover Sport SV gets massive £35k price drop as it enters series-production

There’s also a new SV Black trim, and a Range Rover Sport Stealth Package for non SVs
News
1 Jul 2025
New 2026 Honda 0 SUV: Japanese brand to finally have an EV to rival Tesla and BYD
Auto Express senior staff writer Jordan Katsianis stood next to the Honda 0 SUV prototype

New 2026 Honda 0 SUV: Japanese brand to finally have an EV to rival Tesla and BYD

Honda EV plans are gathering momentum, and they’ll be realised in the groundbreaking 0 SUV next year
News
1 Jul 2025