Shares of five-year-old electric vehicle start-up Arrival(NASDAQ:ARVL) were jumping Wednesday morning. After an initial 15% pop, Arrival shares pared some gains and were trading up 7.3% as of 9:40 a.m. EDT. 

U.K.-based Arrival went public through a SPAC (special purpose acquisition company) merger in March 2021. Since then, it has been progressing in its strategy of building lower-cost microfactories to support customer orders for its electric delivery vans, buses, and cars to be used for ride-hailing services. The stock had about 7% of its public share float sold short as of May 28, according to MarketWatch data. And the retail trading crowd seems to have noticed the company after a Reddit user posted a detailed look at the stock on the WallStreetBets forum yesterday. 

Arrival's strategy is to build its microfactories near customers or in metro areas that plan to buy its vehicles. The company says it can have these factories running within six months and could even use existing commercial spaces and warehouses where appropriate. This allows for lower initial invested capital than traditional manufacturing plants and creates higher flexibility to serve individual customer needs. 

More in category

Infrastructure bill’s climate-change features face tricky path over money for electric cars
July 30, 2021MarketWatch
Infrastructure bill’s climate-change features face tricky path over money for electric cars
Pinterest stock in danger of sharpest drop on record as pandemic recovery weighs on user growth
July 30, 2021MarketWatch
Pinterest stock in danger of sharpest drop on record as pandemic recovery weighs on user growth
‘A great time to buy,’ says one Wall Street analyst as Amazon shares tumble on disappointment
July 30, 2021MarketWatch
‘A great time to buy,’ says one Wall Street analyst as Amazon shares tumble on disappointment
Inflation surges again in June, PCE shows, as shortages plague the U.S. economy
July 30, 2021MarketWatch
Inflation surges again in June, PCE shows, as shortages plague the U.S. economy
Apple’s new debt deal could mean more shareholder rewards after blowout earnings
July 29, 2021MarketWatch
Apple’s new debt deal could mean more shareholder rewards after blowout earnings
Pfizer says immunity can drop to 83% within four months in people who got its COVID-19 shot, further bolstering the company case for a booster
July 29, 2021MarketWatch
Pfizer says immunity can drop to 83% within four months in people who got its COVID-19 shot, further bolstering the company case for a booster
Opinion: Microsoft’s quarterly results show that growth is nowhere near slowing down
July 28, 2021MarketWatch
Opinion: Microsoft’s quarterly results show that growth is nowhere near slowing down
3 Things About Moderna That Smart Investors Know
July 31, 2021The Motley Fool
3 Things About Moderna That Smart Investors Know
Could This Be the Biggest News in Treating Severe COVID So Far?
July 31, 2021The Motley Fool
Could This Be the Biggest News in Treating Severe COVID So Far?
Investing in This ETF Right Now Could Make You a Millionaire Retiree
July 31, 2021The Motley Fool
Investing in This ETF Right Now Could Make You a Millionaire Retiree
4 of the Safest Dividend Stocks That'll Help You Crush Inflation
July 31, 2021The Motley Fool
4 of the Safest Dividend Stocks That'll Help You Crush Inflation
‘Supernatural’ star shows off Austin, Texas mansion
July 30, 2021FOX Business
‘Supernatural’ star shows off Austin, Texas mansion
Celebrity chef David Burke working on scholarship program to fill restaurants
July 30, 2021FOX Business
Celebrity chef David Burke working on scholarship program to fill restaurants
Cybercriminals up their game as ‘cracking’ drives big rise in hacking tool downloads
July 29, 2021FOX Business
Cybercriminals up their game as ‘cracking’ drives big rise in hacking tool downloads
Should You Buy Paycom Software Right Now? Brett Schafer | Jul 31, 2021
July 31, 2021The Motley Fool
Should You Buy Paycom Software Right Now? Brett Schafer | Jul 31, 2021
Some Companies Earn So Much Cash, They're Giving It Away to Stock Owners
July 31, 2021The Motley Fool
Some Companies Earn So Much Cash, They're Giving It Away to Stock Owners
Nearly 300,000 pounds of raw beef recalled over E. coli concerns
July 30, 2021FOX Business
Nearly 300,000 pounds of raw beef recalled over E. coli concerns
Walmart and Disney Join a Growing Group of Businesses Requiring Vaccination
July 30, 2021The NY Times
Walmart and Disney Join a Growing Group of Businesses Requiring Vaccination
Larry Kudlow slams NYT opinion piece that argues for non-citizens to vote
July 30, 2021FOX Business
Larry Kudlow slams NYT opinion piece that argues for non-citizens to vote
Wall Street Week - Full Show (07/30/2021)
July 31, 2021Bloomberg
Wall Street Week - Full Show (07/30/2021)
'Bloomberg Surveillance: Early Edition' Full Show (07/30/2021)
July 30, 2021Bloomberg
'Bloomberg Surveillance: Early Edition' Full Show (07/30/2021)