The Royal Mail is going electric as vehicle manufacturers worldwide focus on cleaner vehicles. Arrival described as a “global technology company developing electric vehicles with game-changing technologies.” Based in the United Kingdom and the United States, the company plans to build electric buses and vans using its designs and software.
Arrival, based in Banbury, developed the battery-powered red electric vans, which have been rolled out in London ahead of a nationwide rollout. Nine vehicles, which can carry up to 7.5 tones of mail, will be operating in London, distributing mail from Royal Mail’s central London depot.
The Royal Mail has a fleet of 49,000 vehicles, and the electric vans are recognized by their red color and crossbar logo with a crown, which has become famous. The new look. Sticking with the van, the design and construction allow it to be built in micro-factories, like the one Arrival establishes in Bicester, Oxfordshire, rather than a traditional massive and expensive manufacturing plant.
Arrival will achieve pricing that does not penalize buyers for choosing electric power over diesel, thanks to the flexibility of these micro-factories, the materials used, and how the van is designed.
According to the company, the Arrival are designed to run for 160 kilometers on their battery and produce zero emissions during that time. After the first 160 kilometers, the vehicles’ dual power mode can recharge the battery. The vehicles will be autonomous-ready in the end, and they’ll likely use some of the same artificial intelligence systems as Roborace’s self-driving cars.
Investing In Arrival Stock Has Several Advantages
The partnership with key automakers and potential customers is a big reason to like Arrival. Arrival has signed a strategic collaboration with Hyundai Motor (OTC: HYMTF), which will provide it access to Hyundai’s engineering and supply chain. Arrival has also received a 100 million euro investment from Hyundai. The partners intend to work together to produce vehicles based on Arrival’s platform.
Forecasts For Growth
In 2024, Arrival aims to earn €13.21 (£11.21) billion in revenue and €3.56 (£3.02) billion in gross profit. With a positive gross profit, it also plans to make over €940 (£797.95) million in sales in 2022. Notably, Arrival’s first vehicle production has been moved back from the fourth quarter of this year to the second quarter of next year. This could have an influence on sales and gross profit forecasts for 2022.
Arrival’s cost-competitive production is the first thing that draws people in. Arrival will be aided in this endeavor by a few novel ideas. To begin with, Arrival do not have steel bodies. Instead, the company uses a composite material comprised of polypropylene (a plastic) and glass fiber. This not only makes the car lighter but also eliminates the requirement for a factory-based paint business. Stamping and welding are also avoided in the manufacturing process.