Motors Corp have faced similar challenges, trying to ramp up production while burning through cash at a time when few investors will give them more.
The company has so far made three prototypes of its smaller L Van at its Bicester plant in the United Kingdom, which are being road-tested to aid development of the larger, more expensive model. The company projected 2024 revenue of $14 billion in its initial SPAC deal's investor presentation, but Arrival lost a combined $2.3 billion in 2021-2022.
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