UK-headquartered EV manufacturer, Arrival (NASDAQ: ARVL), announced its plans to invest $11.5 million to establish a new high voltage battery module (HVBM) assembly plant in Charlotte, North Carolina. The assembly plant will bring 150 jobs and service Arrival’s two recently announced microfactories in Rock Hill, South Carolina and Charlotte, North Carolina.
The announcement comes a few days after Arrival announced its collaboration agreement with Li-Cycle, a leading lithium-ion battery recycler in North America, to create a closed-loop, sustainable EV battery supply chain in the U.S. and Europe. The HVBM assembly plant will play a key role in fulfilling this goal by allowing Arrival to supply, assemble and recycle its own battery modules used in their electric bus and van platforms. Arrival’s unique plug-and-play model allows customers to configure their battery requirements, allowing for scalability, upgradability and easy repair and maintenance in the future.
Parker Poe Consulting was pleased to assist Arrival on this project. Previous Arrival projects include a headquarters, van microfactory and bus microfactory.
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Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investments and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs.