Arrival SA (NASDAQ:ARVL), the British electric van manufacturer, revealed its UK operations entered administration on Tuesday. Once valued at £9 billion and favoured by ex-Prime Minister Boris Johnson, the Banbury-based company faced significant challenges in its plan to bring its electric vans, buses, and taxis to the market at a relatively low cost. Arrival aimed to approach electric vehicle production with its ‘micro-factory’ concept, intended for simpler, more cost-effective manufacturing at a smaller s ...