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EV startup Arrival looks to sell off assets, intellectual property of UK divisionCommercial EV startup Arrival’s business continues to unravel. Arrival announced Monday in a regulatory filing that its U.K. division is entering administration, the country’s version of bankruptcy. The troubled company, which went public in 2021 via a merger with a special purpose acquisition company, said it’s looking to sell its U.K. assets and intellectual property […]
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Arrival is putting its UK division into administration and is looking to sell its EV business, including its assets and intellectual property.