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Why Electric-Vehicle Maker Arrival's Stock Jumped Today

Why Electric-Vehicle Maker Arrival's Stock Jumped Today

Shares of electric-vehicle maker Arrival (NASDAQ: ARVL) jumped by as much as 10% on Tuesday morning before giving back some of those gains. The share price jump came after the U.K.-based company said it was partnering with Uber Technologies (NYSE: UBER) on a program to make electric cars specifically for the ride-hailing industry. It plans to have a new Arrival car in production by the third quarter of 2023.