STMicroelectronics
Cooperates with Arrival to Provide
Leading-Edge
Technologies for
Next-Generation Electric Vehicles
- Arrival’s entire vehicle portfolio,
including its Van, Bus, and recently announced Car, will feature
ST’s technologies
- Collaboration includes products
dedicated to processing, power and battery management
Geneva, Switzerland; and London,
UK – June 24,
2021 -- STMicroelectronics (“ST”) (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of
electronics applications, announced its collaboration with Arrival
(NASDAQ: ARVL), the global technology company creating electric
vehicles (EVs) using its unique technologies, to provide
leading-edge semiconductor technologies and products for Arrival’s
vehicles including automotive microcontrollers and power and
battery-management devices.
Arrival has chosen ST as one of its key partners in bringing its
connected EVs to market. ST’s technology will provide Arrival’s
customers with future-proofed zero-emission commercial vehicles as
part of an integrated mobility ecosystem. Arrival has selected ST’s
high-performance, secure automotive microcontrollers for their
modular ECU platform, as well as other ST technologies including
smart-power and battery-management devices for efficient vehicle
electrification.
Arrival believes its vehicles represent the next generation of
EVs having been developed from the ground up using a radical new
method of design and production. This vertically integrated
approach using in-house developed hardware, software and robotics
enables production in decentralised Microfactories. These
Microfactories can be deployed around the world to service demand
and supercharge local communities by hiring local talent, utilising
local supply chains, and paying local taxes.
Arrival’s entire vehicle portfolio, including its Van, Bus, and
recently announced Car, which is being designed in partnership with
Uber for ride-hailing, will feature ST’s technologies. Arrival has
already secured a commitment to purchase from UPS for up to 10,000
electric vehicles, with the option for 10,000 more, and will see
trials of its vehicles starting later this year.
“We have been working with Arrival since their early stages, and
we are proud of the journey accomplished together as they head
towards production,” said Michael Anfang, Executive Vice President,
Sales & Marketing, Europe, Middle East and Africa Region at
STMicroelectronics. “ST is a broad-based technology supplier for
the mobility industry’s transition to electrified and digitalized
platforms. This collaboration with a leading new entrant on the
market is a testament to our ability to support various operating
models. Arrival’s vehicles using ST technology will be an
additional step towards our shared vision of cleaner
mobility.”
“STMicroelectronics are producing some of the best technology on
the market today. At Arrival, choosing the most advanced
technologies for our vehicles is crucial to extending the life of
our products, improving their value whilst making them even more
sustainable by extending their usable life,” said Sergey Malygin,
EVP of Technology at Arrival.
About STMicroelectronics
At ST, we are 46,000 creators and makers of semiconductor
technologies mastering the semiconductor supply chain with
state-of-the-art manufacturing facilities. An independent device
manufacturer, we work with more than 100,000 customers and
thousands of partners to design and build products, solutions, and
ecosystems that address their challenges and opportunities, and the
need to support a more sustainable world. Our technologies enable
smarter mobility, more efficient power and energy management, and
the wide-scale deployment of the Internet of Things and 5G
technology. Further information can be found
at www.st.com.
About Arrival
Arrival (NASDAQ: ARVL) is reinventing the automotive industry
with its entirely new approach to the design and assembly of
electric vehicles. Low CapEx, rapidly scalable Microfactories
combined with proprietary in-house developed components, materials
and software, enable the production of best in class vehicles
competitively priced to fossil fuel variants and with a
substantially lower total cost of ownership. This transformative
approach provides cities globally with the solutions they need to
create sustainable urban environments and exceptional experiences
for their citizens. Arrival is a global business founded in 2015
and headquartered in London, UK and Charlotte, North Carolina, USA,
with more than 1,900 global employees located in offices across the
United States, Germany, the Netherlands, Israel, Russia, and
Luxembourg. The company is deploying its first four microfactories
in North Carolina, USA, South Carolina, USA, Bicester, UK and
Madrid, Spain.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws, including
statements regarding the products offered by Arrival and the
markets in which it operates, Arrival’s ability to produce electric
commercial vehicles, expectations regarding the benefits of the
collaboration between Arrival and ST and expectations regarding the
benefits of Arrival’s Microfactories. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Such statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and are based on management’s belief or interpretation
of information currently available. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including, but not
limited to: (i) the impact of COVID-19 on Arrival’s business; (ii)
the risk of downturns and the possibility of rapid change in the
highly competitive industry in which Arrival operates, (iii) the
risk that Arrival and its current and future collaborators are
unable to successfully develop and commercialize Arrival’s products
or services, or experience significant delays in doing so, (iv) the
risk that Arrival may never achieve or sustain profitability; (v)
the risk that Arrival experiences difficulties in managing its
growth and expanding operations, (vi) the risk that third-parties
suppliers and manufacturers are not able to fully and timely meet
their obligations; (vii) the risk that the utilization of
Microfactories will not provide the expected benefits due to, among
other things, the inability to locate appropriate buildings to use
as Microfactories, Microfactories needing a larger than anticipated
factory footprint, and the inability of Arrival to deploy
Microfactories in the anticipated time frame; (viii) the risk that
the orders that have been placed for vehicles, including the order
from UPS, are cancelled or modified; (ix) the risk of product
liability or regulatory lawsuits or proceedings relating to
Arrival’s products and services; and (x) the risk that Arrival will
need to raise additional capital to execute its business plan,
which may not be available on acceptable terms or at all; and (xi)
the risk that Arrival is unable to secure or protect its
intellectual property. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of Arrival’s annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the “SEC”) on April 30, 2021
and other documents filed by Arrival with the SEC from time to
time. Readers are cautioned not to put undue reliance on
forward-looking statements, and Arrival assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise. Arrival does not give any assurance that Arrival will
achieve its expectations.
For Press Information Contact:Michael
MarkowitzDirector Technical Media Relations STMicroelectronics Tel:
+1 781 591 0354Email: michael.markowitz@st.com
Rachael CharltonHead of PRArrivalEmail: pr@arrival.com
- T4372A -- Jun 24 2021 -- ST_Arrival EV collaboration_FINAL FOR
PUBLICATION
- ST-Arrival Joint PR image_2
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