Arrival Inc. (ARVL) stock surged during pre-market trading session. Here’s to know why?

Arrival Inc. (NASDAQ: ARVL) stock gained by 1.05% at last close while the ARVL stock gained further by 2.15% in the pre-market trading session. With its totally new approach to the design and manufacturing of electric cars, Arrival, a joint-stock company regulated by the rules of the Grand Duchy of Luxembourg, is revolutionizing the automobile industry.

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Upcoming Important Event

Arrival said today that it would release financial results for the second quarter ended June 30, 2021 before the opening of the U.S. stock market on Thursday, August 12, 2021.

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Current Update

Arrival, a worldwide technology business producing electric cars with its unique innovations, and LeasePlan, one of the world’s top Car-as-a-Service companies, announced today that LeasePlan will be the chosen operational leasing partner for Arrival electric vans. The collaboration is predicated on a 3,000-vehicle first purchase, with the sales agreement scheduled to be completed in Q3 2021.

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Avinash Rugoobur, President, Arrival, stated,

LeasePlan is not only the world’s largest Car-as-a-Service provider, but they’ve also demonstrated a long-term dedication to reducing carbon emissions as founder members of the EV100, putting sustainability on the map long before it became fashionable. Arrival is ecstatic to be collaborating with a firm that is leading the push to speed the transition to zero-emission cars, providing sustainable transportation and better air to cities all around the world. This demonstrates that Arrival’s technique is genuinely game-changing and can be quickly implemented in numerous areas.

Arrival will be able to strengthen and grow their worldwide footprint as a result of this new relationship, working with LeasePlan to provide the finest possible goods to its clients and, in turn, assisting them in achieving their own sustainability objectives.

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Arrival promotes the global adoption of electric cars by manufacturing inexpensive commercial vehicles with a much reduced Total Cost of Ownership (TCO). Arrival’s revolutionary approach of design and manufacturing in rapidly scalable Microfactories, which uses the company’s in-house technologies such as materials, software, hardware, and robots, makes this possible.

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