Arrival, a U.K.-based electric vehicle company that went public last year, has set itself a lofty goal. The company aims to produce electric vehicles that cost less than other EVs and competes with pricing on fossil fuel-powered vehicles.
A lofty goal requires a bold plan. For Arrival, that means bypassing the traditional large-scale or even “giga-sized” factory used by major automakers and instead turning to a much smaller and decentralized approach. Arrival plans to build 31 microfactories by 2024, including one in Charlotte, N.C.
These microfactories allow the company to serve specific markets while keeping costs low, Arrival argues. One such mar …