Electric vans startup Arrival to cut 800 jobs amid focus on US market

British firm hopes to benefit from Joe Biden's green energy subsidies and start production in north Carolina

The British electric vans startup Arrival is cutting 800 jobs, about half its remaining workforce, to reduce costs as it seeks extra funding and plans US expansion to take advantage of green energy subsidies.

The troubled electric vehicle maker said approximately 50%" of the company's 1,600-strong global workforce would leave the company.