Arrival provided earnings guidance for the fourth quarter and full year ended December 31, 2021. For the quarter, the company expects loss of €37 million - €46 million ($42-52 million), compared to a loss for the period of €34 million (CAD 40 million) in the fourth quarter of 2020.

For the year, the company expects loss of €1,087 million - €1,096 million ($1,286-1,296 million), compared to a loss of €83 million (CAD 95 million) in 2020.

The Company continues to expect Van production to begin in Bicester in third quarter of 2022 and Charlotte in fourth quarter of 2022 and expects to produce and sell 400-600 Vans this year as it ramps production in these two Microfactories. For Bus, Arrival will be building saleable Buses in the UK and expects these will be used in customer trials in 2022. The priorities for this year are completing Bus and Van vehicle certification, starting production with their unique method and ensuring the higher possible quality for their first vehicles.