The good times have definitely not arrived yet for electric vehicle start-up Arrival (NASDAQ: ARVL) -- its stock plunged 47.3% in January, according to data by S&P Global Market Intelligence . That continued a downturn that largely began in November , though the EV stock is down 87% from the high it hit in June.
Revolutionizing an industry is no easy task, but Arrival has set high goals for itself by promising to build electric vehicles through a decentralized manufacturing setup that takes advantage of unused warehouse and factory space that already exists.
Image source: Arrival.
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Why Arrival Plummeted Another 48% in January