British EV start-up Arrival will deliver only around 20 vans this year, it has said, well down from its April prediction of 400 to 600.
As a result, the company doesn't expect to generate any revenue this year “given delivery times and customer acceptance requirements”, it said in a statement.
Arrival has taken a number of steps to preserve its dwindling cash balance, including reviewing its headcount with the possibility of laying off 800 staff and reportedly halting development of its ride-hailing car.
