Arrival UK, an electric van start-up, has fallen into administration less than three years after a $13 billion float, in a fresh blow to Britain’s green energy ambitions.
EY has been appointed to explore options for the break-up and sale of the group’s operations. Arrival, based in Banbury, Oxfordshire, has two factories in the county. Its parent company, listed in America, employs about 400 people worldwide.
