EV startup Arrival looks to sell off assets, intellectual property of UK division

Commercial EV startup Arrival’s business continues to unravel.Arrival announced Monday in a regulatory filing that its UK division is entering administration, the country’s version of bankruptcy. The troubled company, which went public in 2021 via a merger with a special purpose acquisition company, said it’s looking to sell its UK assets and intellectual property in order to pay back the lenders that helped it stay afloat.The push into administration comes just a week after Nasdaq announced it was pulling ...