ARVL - Arrival stock gains on production of first verification vehicle in Bicester microfactory

• Arrival ( NASDAQ: ARVL ) shares surged 27% premarket on Friday after the U.K. electric vehicle maker announced production of the first production verification vehicle from its Bicester Microfactory.
• The first van was produced using in-house technologies, including composite materials, autonomous mobile robots, in-house components and a software defined factory.
• The Arrival Vans produced in the facility this year will be used for continued testing, validation and quality control, rather than being sold to customers.
• The milestone marks a major step towards at-scale production and delivering vehicles to its customers.

For further details see: