Electric commercial van maker Arrival delays revenue until 2024

Troubled electric vehicle startup Arrival, which is restructuring its business to develop commercial vans for the U.S. instead of Europe, said Tuesday it doesn’t expect to earn revenue until after 2023.
The British company, which has struggled to raise funds to produce EVs using its modular microfactory strategy, will halt operations at its Bicester, U.K., factory to focus on opening a facility in Charlotte, North Carolina. Arrival initially planned to build the van at scale in Europe through a now-shelved $150 million at-the-market offering.
Several factors make the U.S. a more attractive cli

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