U.S., Feb. 11 -- Electric vehicle manufacturer Arrival has acquired a new production facility. agreeing a 15-year lease on the 120,600 sq ft space in Oxfordshire, UK.

Glenn Saint, Chief of Commercial Vehicles at Arrival commented: "Arrival is revolutionising electric vehicles with our Generation 2 solution that means customers can buy a purpose-built electric vehicle for the same price or less than a petrol or diesel equivalent. Critical to making this possible is manufacturing in microfactories which can serve the local community and respond rapidly to local demand."

Arrival has secured a £90mn investment from South Korean car firms Kia and Hyundai to fund the next stage of its development. Founded in 2015, the company's £3bn...