The electric vehicle technology developer pulled in funding from Hyundai and subsidiary Kia at a $3.3bn valuation as part of a strategic collaboration deal.

Automotive manufacturer Hyundai and its Kia subsidiary provided €100m ($112m) in funding for UK-based electric vehicle (EV) technology developer Arrival yesterday at a valuation pegged at $3.3bn by CNBC. Arrival is working on artificial intelligence-equipped EVs ready to be adapted for autonomous driving. It provides smart software for use in EVs and uses microfactories to…

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