AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

Uber joins UK tech firm to make electric ride-hailing car

  • Uber has committed to becoming a fully-electric mobility platform in London by 2025 and by 2030 across North America and Europe, the statement noted.
Published May 4, 2021

LONDON: Uber has teamed up with UK technology startup Arrival to create an electric car for the app-based US ride-hailing firm that will help to cut emissions, the pair said Tuesday.

The vehicle is expected to enter production in the third quarter of 2023 and the two companies will "explore a strategic relationship in key markets, including the UK and EU", according to a statement.

It comes after six-year-old Arrival, which is creating also electric vans and buses, listed on Wall Street's Nasdaq in March.

"Arrival, the global technology company creating electric vehicles using its game-changing technologies, is partnering with Uber to develop an affordable, purpose-built electric vehicle for ride-hailing drivers," the statement said.

The Arrival car "will address the global need to shift ride-hailing and car sharing services... to electric to reduce emissions and improve air quality in cities", it added.

Uber has committed to becoming a fully-electric mobility platform in London by 2025 and by 2030 across North America and Europe, the statement noted.

"As our cities open up we have an opportunity to make sure that urban transport is cleaner than ever before," said Jamie Heywood, Uber's regional general manager for Northern and Eastern Europe.

The car "will be designed around drivers' needs to create a vehicle that is affordable, durable and desirable", said Tom Elvidge, senior vice president Arrival Mobility UK.

Comments

Comments are closed.